RITES Q2FY26 Revenue Rs 579 cr; PAT Rs 109 cr, Declares 2nd Interim Dividend of Rs 2/share
RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering firm, today announced its standalone and consolidated financial results for the Quarter ended on September 30th, 2025.
The Takeaways
* Double-digit sequential growth driven by an uptick in consultancy & export segments
* All-time high order book of Rs 9090 crore, with 150+ orders worth Rs 850+ crore secured in Q2
* 2nd Interim Dividend of Rs 2 per share, with Payout Ratio of 94%
Q2FY26 Financials (Consolidated)
* Operating Revenue at Rs 549 crore
* EBITDA at Rs 134 crore, up by 24.7%, with Margins of 24.4%
* PAT at Rs 109 crore, up by 32.2%, with Margins of 18.8%
H1FY26 Financials (Consolidated)
* Total Revenue stands at Rs 1091 crore against Rs 1070 crore in H1FY25
* EBITDA at Rs 250 crore, up by 16.3%, with Margins at 24.1%
* PAT at Rs.200 crore, up by 15.6%, with Margins at 18.3%
Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Steady growth in performance, sequentially and improvement YoY, reaffirms our commitment to achieving the targets we have set for this year.”
Financial Performance in Q2FY26
RITES operating revenue (consolidated), excluding other income, stands at Rs 549 crore in Q2FY26 as against Rs 541 crore in Q2FY24, up by 1.5%. Total revenue is Rs 579 crore as against Rs 562 crore in Q2FY25. EBITDA and PAT stand at Rs 134 crore and Rs 109 crore with margins of 24.4% and 18.8%, respectively. Year-on-year, revenue registered a slight increase, driven by growth across all segments except turnkey.
Standalone
Operating revenue, excluding other income, stands at Rs 514 crore in Q2FY26 against Rs 510 crore in Q2FY25. Total standalone revenue is Rs 561 crore against Rs 554 crore in Q2FY25. EBITDA and PAT, with respective margins of 19.5% and 18.2%, stand at Rs 100 crore and Rs 102 crore against Rs 80 crore and Rs 86 crore, respectively, in Q2FY25.
Financial Performance in H1FY26
RITES operating revenue (consolidated), excluding other income, stands at Rs 1038 crore in H1FY26 as against Rs 1027 crore in H1FY25. Total revenue stands at Rs 1091 crore as against Rs 1070 crore in H1FY25. EBITDA and PAT stand at Rs 250 crore and Rs 200 crore against Rs 215 crore and Rs 173 crore, respectively, in H1FY25. EBITDA and PAT margins at 24.1% and 18.3%, respectively.
Segmental Performance
The Consultancy business continues to provide the highest revenue to the company and achieved the revenue of Rs 298 crore with margins at 32.9%. Leasing revenue stands at Rs 43 crore, maintaining the margins of 29.8%. Turnkey revenue stands at Rs 113 crore and exports at Rs 61 crore.
Dividend
The Board of Directors has declared the second interim dividend of Rs 2 per share amounting
Rs 96 crore. The record date for the purpose of payment of dividend is November 15, 2025.
Order Book
The company has secured more than 150 orders (including extension of works) worth more than ?851 crore in Q2FY26, thereby maintaining a highest-ever order book of ?9090 crore as on September 30th, 2025.
Outlook
On the growth prospects, Mr. 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.”
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