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Informist, Tuesday, Aug. 4, 2026

 

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--RITES Apr-Jun consol net profit INR 872.10 mln 
--Analysts saw RITES Apr-Jun consol net profit at INR 917.75 mln 
--RITES Apr-Jun consol revenue INR 5.32 bln 
--Analysts saw RITES Apr-Jun consol revenue at INR 5.50 bln 
--RITES Apr-Jun consol net profit INR 872.1 mln vs INR 801.0 mln year ago 
--RITES Apr-Jun consol revenue INR 5.32 bln vs INR 4.90 bln year ago 
--RITES to pay INR 1.40 per share interim dividend 
--RITES interim dividend record date is Aug 10 

--RITES Q1 consol India consultancy sales INR 2.84 bln vs INR 2.72 bln yr ago 

--RITES Q1 consol construction ops sales INR 1.76 bln vs INR 1.48 bln yr ago 

 

By Upasika Singhal

 

MUMBAI – RITES Ltd. reported slightly lower-than-expected consolidated net profit and revenue for the June quarter as total expenses grew faster than revenue. The company's net profit missed analysts' expectations by 5% while the revenue was more than 3?low the consensus estimate.

 

The state-run engineering consultancy and transport infrastructure company reported INR 872.10 million in consolidated net profit for the June quarter, up 9% on year. Its consolidated revenues from operations were INR 5.32 billion, also up 9% on year. The total income was INR 5.61 billion, up 10% from the year-ago quarter.

 

The total expenses of RITES grew nearly 11% on year to INR 4.35 billion, with supplies and services contributing nearly 57% to it. Supplies and services grew 17% on year, depressing the company's bottom-line growth. The employee benefits expenses grew 7% on year to INR 1.36 billion and purchases for export grew over 10% to INR 283 million. However, the company's finance costs fell by over 41% to INR 8.3 million from INR 14.2 million in the year-ago quarter. Similarly, its other expenses fell 17% to INR 180 million.

 

The company's revenues from consultation projects in India were INR 2.84 billion for the June quarter, up from INR 2.72 billion in the year-ago quarter. Its revenues from turnkey construction projects were INR 1.76 billion, up 19% on year. The company earned INR 487 million from leasing in the domestic market and INR 160 million from consultancies abroad. RITES will pay an interim dividend of INR 1.40 per share. The record date for the dividend is Aug. 10.

 

Shares of RITES were up slightly before the results were announced. Once the company released its earnings, movement in the stock became choppy and the price dropped to INR 215.6 at 1429 IST, down 1.7% from Monday.

 

RITES reported consolidated earnings before interest, tax, depreciation, and amortisation at INR 1.19 billion and an EBITDA margin of 22.4% for the June quarter. The EBITDA grew by 2.5% while the EBITDA margin contracted by 140 basis points from the year-ago quarter. The company's consolidated profit before taxes rose 7.4% to INR 1.31 billion, but the profit before taxes margin dropped by 50 bps to 23.3%. Similarly, the profit after taxes margin dropped by 40 bps on year.

 

The company's subsidiary Railway Energy Management Co. Ltd. earned operating revenues worth INR 380 million in the June quarter, up 4% from the year-ago quarter. However, the subsidiary's EBITDA and profit remained flat on year.

 

RITES's revenue per employee remained steady on year at INR 1.8 million. The profit after tax per employee also remained steady at INR 250,000.

 

The company secured orders worth INR 6.74 billion in the June quarter, bringing its order book to an all-time high of INR 94.45 billion as of Jun. 30. Of the 120 orders worth INR 6.74 billion, orders worth INR 3.06 billion came from the turnkey constructions segment, orders worth INR 2.79 billion came from the consultancy segment, orders worth INR 800 million came from leases, and INR 90 million came from exports. The company expects a pick-up in export revenue from the September quarter onwards.

 

The company's order book is dominated by turnkey construction orders worth INR 47.18 billion. Orders for the consultancy segment make up the second-largest chunk, worth INR 25.97 billion. Export orders are worth INR 17.75 billion and lease orders are worth INR 2.35 billion. Railway Energy Management's orders are worth INR 1.20 billion. Around 62% of orders come from tender wins and 38% from nominations. "We are on track on the roadmap set by us for the growth targets for FY27," Rahul Mithal, chairman and managing director of RITES said.

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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