Q1 FY26: RITES reports net profit of Rs 91 crore; declares interim dividend of Rs 1.30 per share

New Delhi: RITES Limited reported a consolidated profit after tax (PAT) of Rs 91 crore for the first quarter of FY26, with a PAT margin of 17.8 percent. The company’s total consolidated revenue stood at Rs 512 crore, registering a marginal year-on-year growth from Rs 508 crore in Q1 FY25.

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The company declared an interim dividend of Rs 1.30 per share, amounting to Rs 62.5 crore. The record date for the dividend is August 12, 2025.

RITES’ consolidated operating revenue (excluding other income) rose slightly to Rs 490 crore, up 0.8 percent from the same quarter last year. EBITDA for the quarter came in at Rs 117 crore with a margin of 23.8 percent, reflecting a 7.9 percent year-on-year increase in operational profits, driven by improved execution across consultancy projects and additional contributions from its leased locomotives fleet.

On a standalone basis, the company reported operating revenue of Rs 456 crore and PAT of Rs 67 crore, with EBITDA at Rs 84 crore. Margins for standalone operations were 18.5 percent for EBITDA and 14 percent for PAT, with both showing modest year-on-year growth.

The consultancy segment continued to lead RITES' revenue stream, contributing Rs 262 crore with a robust margin of 32.2 percent, attributed to enhanced project execution. Leasing revenue from its 88-locomotive fleet stood at Rs 43 crore, maintaining strong margins of 38.4 percent, while turnkey projects contributed Rs 148 crore in revenue. The company also confirmed that export activities have resumed in Q2 FY 26.

RITES’ order book stood at Rs 8,790 crore as of June 30, 2025. During the quarter, it secured over 150 orders, including work extensions, valued at over Rs 451 crore. CMD Rahul Mithal noted that the current results remain flat due to the young nature of the order book but highlighted the company’s ongoing momentum, having secured around 300 orders worth Rs 3,500 crore in the last two quarters of FY25.

Looking ahead, Mithal added, “While maintaining the trend of now more than one order a day, concerted efforts will be made for steady sequential growth, aiming for a substantial improvement over last year.”

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