New Delhi: RITES Limited, the leading transport infrastructure consultancy and engineering firm, has announced its financial results for the quarter ended September 30, (Q2FY26), reporting steady growth driven by robust performance in the consultancy and export segments.
The company posted consolidated operating revenue of Rs 549 crore during the quarter, registering a 1.5 percent year-on-year (YoY) increase from Rs 541 crore in Q2FY25. Total revenue rose to Rs 579 crore from Rs 562 crore in the corresponding period last year. EBITDA stood at Rs 134 crore, up 24.7 percent, while profit after tax (PAT) surged 32.2 percent to Rs 109 crore, with margins of 24.4 percent and 18.8 percent, respectively.
Commenting on the results, RITES Limited's Chairman and Managing Director (CMD) Rahul Mithal said, “Steady growth in performance, sequentially and improvement YoY, reaffirms our commitment to achieving the targets we have set for this year.”
For the first half of FY26, RITES reported consolidated total revenue of Rs 1,091 crore, up from Rs 1,070 crore in H1FY25. EBITDA increased 16.3 percent to Rs 250 crore, while PAT rose 15.6 percent to Rs 200 crore, maintaining healthy margins of 24.1 percent and 18.3 percent, respectively.
On a standalone basis, RITES recorded an operating revenue of Rs 514 crore in Q2FY26, compared to Rs 510 crore in Q2FY25. Total standalone revenue reached Rs 561 crore, up from Rs 554 crore a year ago. EBITDA stood at Rs 100 crore and PAT at Rs 102 crore, reflecting margins of 19.5 percent and 18.2 percent, respectively.
The consultancy segment continued to lead RITES’ revenue mix, contributing Rs 298 crore with strong margins of 32.9 percent. The leasing segment maintained stable revenue at Rs 43 crore with margins of 29.8 percent. Turnkey projects contributed Rs 113 crore, while exports registered Rs 61 crore in revenue.
The Board of Directors has declared a second interim dividend of Rs 2 per share, amounting to a total payout of Rs 96 crore. The record date for dividend payment has been set as November 15. The payout ratio for the quarter stands at 94 percent.
During Q2FY26, RITES secured over 150 new orders and extensions worth more than Rs 851 crore, taking its order book to an all-time high of Rs 9,090 crore as on September 30.
Highlighting the company’s growth strategy, Mithal said, “As we continue to sustain our ‘one-order-a-day’ momentum and steady quarterly export wins, achieving an all-time high order book of Rs 9,090 crore, our focus is on expeditious execution through ‘Operation Tattva’ — ensuring time-bound, cost-efficient and quality-conscious project deliveries.”
RITES’ strong order inflows, consistent dividend policy, and healthy profit margins underscore its position as a leading player in transport infrastructure consultancy and engineering, well-poised to support India’s infrastructure growth ambitions.
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