New Delhi: RITES Limited reported total consolidated revenue of Rs 635 crore and profit after tax (PAT) of Rs 115 crore for the third quarter ended December 31, 2025 (Q3 FY26). The company also announced a third interim dividend of Rs 1.9 per equity share.
During the quarter, consolidated operating revenue, excluding other income, stood at Rs 609 crore, registering a year-on-year growth of 5.7 percent. EBITDA rose 18.6 percent to Rs 145 crore, with margins improving to 23.9 percent, while PAT increased 5.2 percent year-on-year to Rs 115 crore, translating into a margin of 18.1 percent. The performance was supported by growth across all segments, barring turnkey, with a notable uptick in consultancy and export segments.
For the nine months ended December 31, 2025 (9MFY26), RITES reported consolidated total revenue of Rs 1,726 crore, compared with Rs 1,685 crore in the corresponding period of the previous year. EBITDA for the period increased 17.2 percent to Rs 396 crore, with margins at 24.0 percent, while PAT rose 11.6 percent to Rs 315 crore, with margins of 18.3 percent.
On a standalone basis, operating revenue in Q3FY26 stood at Rs 569 crore, compared with Rs 545 crore in Q3FY25, while total revenue increased to Rs 603 crore from Rs 592 crore. Standalone EBITDA and PAT were reported at Rs 107 crore and Rs 96 crore, respectively, with margins of 18.7 percent and 15.8 percent.
Segment-wise, the consultancy business remained the largest contributor, generating revenue of Rs 292 crore with margins of 35.4 percent. Leasing revenue stood at Rs 43 crore with margins of 34.3 percent, while turnkey and export segments reported revenues of Rs 172 crore and Rs 62 crore, respectively.
The Board of Directors declared a third interim dividend of Rs 1.9 per share, amounting to Rs 91.3 crore, with a payout ratio of 95.5 percent. The record date for the dividend has been fixed as February 10, 2026.
RITES also reported strong order inflows during the quarter, securing more than 140 orders, including extensions, valued at over Rs 1,140 crore in Q3 FY26. This took the company’s order book to an all-time high of Rs 9,262 crore as on December 31, 2025.
Commenting on the performance, RITES Ltd's Chairman and Managing Director (CMD) Rahul Mithal said the steady sequential and year-on-year improvement in results is in line with the company’s roadmap for the year, with a focus on maximising performance in the fourth quarter to meet annual growth targets. Highlighting the outlook, he said that with a consistently expanding order book, the current financial year is being pursued as the company’s “Year of growth,” while the next financial year is envisioned as a “Year of disruptive growth.”
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