Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
Q3 FY26 Earnings Results
- Revenue from Operations: ₹608.6 cr, +3.4% YoY vs ₹614 cr in Q3 FY25 (moderate growth reflecting steady project execution).
- EBITDA: ₹145 cr, +18.6% YoY; EBITDA Margin: 23.9% vs 21.3% in Q3 FY25, margin expansion on cost efficiencies.
- PBT: ₹154 cr, +7% YoY (growth on improved revenue + better profitability mix).
- PAT: ₹115.10 cr, +5.2% YoY depending on source context (press releases cite +21% YoY growth in net profit).
- Other key metrics: 9M FY26 consolidated revenue: ₹1,726 cr, +2.4% YoY; 9M EBITDA: ₹396 cr, +17.2% YoY; 9M PAT: ₹315 cr, +11.6% YoY, showing consistent cumulative expansion.
Management Commentary & Strategic Decisions
- Operational execution: Management emphasised improved operational performance with higher profitability across key segments notably consultancy, leasing, and exports driving margin expansion.
- Dividend: Board approved a third interim dividend of ₹1.90 per share (record date 10 Feb 2026), reflecting confidence in cash flows and shareholder returns.
- Order book strength: RITES secured 140+ new orders during Q3 with an order book of ₹9,262 cr, maintaining execution momentum.
- Strategic focus: Leadership continues to push project diversification, export growth and quality/consultancy services, highlighting diversified revenue mix and profitability improvement.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹579.0 cr, +3.0% YoY, +12% QoQ, growth led by consultancy and export wins.
- EBITDA: ₹134 cr, +24.7% YoY; EBITDA Margin: 24.4%, strong margin expansion.
- PAT: ₹109 cr, +32% YoY / +20% QoQ; PAT Margin: 18.8%.
- Other key metrics: Order book: highest ever ₹9,090 cr with 150+ orders; Consultancy segment led revenues.
Management Commentary Q2
- CMD Rahul Mithal stated that steady revenue growth and improved profitability reaffirm commitment to annual targets, underpinned by strong order wins and execution discipline.
- Commentary highlighted sequential improvement across segments, notable margin gains, and strong order inflows/revenue visibility. Management also reiterated focus on quick, cost-efficient project delivery.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.