RITES Limited has made available the audio recording of its post-results conference call, which was held on August 5, 2026. The discussion focused on the company’s financial performance for the quarter ended June 30, 2026. This disclosure ensures transparency and provides stakeholders with direct access to management commentary regarding the latest quarterly outcomes.

The release of the audio file is a procedural requirement under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. RITES Limited submitted the link to both the National Stock Exchange of India Limited and BSE Limited to ensure wide accessibility for investors and analysts.

Key Details

The audio recording can be accessed via the company’s official media gallery. The submission was authorized by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626), who digitally signed the communication on August 5, 2026.

Regulatory Compliance

RITES Limited adhered to mandatory disclosure norms by providing the audio link to the Listing Department of the National Stock Exchange of India Limited in Mumbai and the Corporate Relationship Department of BSE Limited. The filing confirms that the company met its obligations under the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 regarding investor communication following the announcement of financial results.

RITES Limited reported an 8% year-on-year increase in consolidated net profit to ₹97.78 crore for the quarter ended June 30, 2026, driven by robust performance in domestic consultancy and turnkey construction projects. The infrastructure consultancy firm also saw operating revenue rise 8.6% to ₹532.20 crore. On August 4, 2026, the Board of Directors declared a first interim dividend of ₹1.40 per share (14% of paid-up capital) for the financial year 2026-27. The record date is set for August 10, 2026, with payments scheduled on or before September 2, 2026. This consistent profitability underscores the company's ability to maintain margins despite sectoral pricing pressures.

Standalone net profit stood at ₹71.80 crore, up 7.5% from ₹66.65 crore in the corresponding quarter of the previous year. Standalone operating revenue increased to ₹497.99 crore from ₹455.69 crore. Total standalone revenue, including other income, was ₹524.75 crore against ₹475.87 crore in Q1FY26. The unaudited financial statements were reviewed by S.R. Goyal & Co., Chartered Accountants, and approved by the Board in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics

The following table summarises the key consolidated financial metrics for the quarter:

Note: EBITDA approximated as Profit Before Tax excluding share of JV profits and tax adjustments where not explicitly separated in summary tables, derived from Segment Results total before interest and tax plus unallocable income less unallocable expenditure.

While revenue and profitability grew on a year-on-year basis, the company maintained stable margins. Absolute earnings improved across both standalone and consolidated bases, reflecting efficient cost management despite rising input costs in certain segments.

Management Guidance on Margins

Management has indicated confidence in sustaining healthy profitability for FY27, targeting an EBITDA margin of over 20% and a PAT margin of over 15% for the full financial year, even as pricing pressures persist. Q1FY27 margins already reflect this trajectory, with EBITDA margin at 22% and PAT margin at 17%, demonstrating the company's ability to maintain strong operational efficiency in the near term.

Segment Performance

Domestic consultancy remained the primary revenue driver, contributing ₹284.00 crore to the consolidated top line with segment results of ₹109.76 crore. Turnkey construction projects also showed robust growth, with revenue rising to ₹176.40 crore. Leasing operations generated ₹48.73 crore with healthy segment results of ₹18.55 crore. Export sales contributed ₹1.03 crore, while power generation added ₹6.04 crore to consolidated revenue.

Record Order Book and Investments

As of June 30, 2026, RITES reported its highest-ever order book at ₹9,445 crore. During Q1FY27, the company secured over 120 new projects and extensions worth ₹674 crore. Turnkey projects accounted for ₹306 crore of these new wins, followed by consultancy at ₹279 crore, leasing at ₹80 crore, and exports at ₹9 crore.

The company received ₹47.04 crore on July 30, 2026, as an interim payment from the liquidator of Indian Railway Stations Development Corporation Limited (IRSDC), a joint venture under voluntary liquidation. Management stated that there is no impairment in the carrying value of its ₹48.00 crore investment in IRSDC, given the joint venture's net worth of ₹251.01 crore. Additionally, MMG – Metro Management Group Ltd. (Israel), an associate, was struck off from the Register of Companies on April 11, 2026. The investment was written off along with related impairment provisions, having no impact on the Statement of Profit and Loss as it was fully impaired in earlier years.

Corporate Governance Updates

The independent auditor's review report highlighted that the company does not have the requisite number of Independent Directors to validly constitute its Audit Committee effective July 7, 2026, as per Regulation 18(1) of the Listing Regulations. Consequently, the Audit Committee for this period comprised one Functional Director, one Government Nominated Director, and one Independent Director. The results were reviewed by this committee and approved by the Board.