RITES Limited reported a consolidated net profit of ₹97.78 crore for the quarter ended June 30, 2026, marking an 8% year-on-year increase from ₹90.89 crore in Q1FY26. The infrastructure consultancy firm saw its revenue from operations rise 8.7% to ₹532.20 crore, supported by strong performance in domestic consultancy and turnkey construction projects. The Board of Directors, meeting on August 4, 2026, also declared a first interim dividend of ₹1.40 per share (14% of paid-up capital) for the financial year 2026-27. The record date for the dividend is set for August 10, 2026, with payments scheduled on or before September 2, 2026.

The standalone net profit stood at ₹71.80 crore, up 8% from ₹66.65 crore in the corresponding quarter of the previous year. Standalone revenue from operations increased to ₹497.99 crore from ₹455.69 crore. The results were reviewed by the Audit Committee and approved by the Board in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited financial statements were prepared under Ind AS as prescribed by Section 133 of the Companies Act, 2013.

Key Financial Metrics

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

While revenue and profitability grew on a year-on-year basis, EBITDA remained flat at ₹1.14B, with the EBITDA margin contracting to 21.54% from 23.31% in the year-ago period, indicating a rise in operating costs relative to revenue growth.

Segment Performance

Domestic consultancy remained the primary revenue driver, contributing ₹284.00 crore to the consolidated top line, compared to ₹272.31 crore in Q1FY26. Turnkey construction projects also showed robust growth, with revenue rising to ₹176.40 crore from ₹148.40 crore. Leasing operations generated ₹48.73 crore, while export sales declined significantly to ₹1.03 crore from ₹3.35 crore, reflecting a shift in project mix. Power generation contributed ₹6.04 crore to consolidated revenue.

What the Numbers Show

The company's profitability was bolstered by efficient cost management and stable interest income. Finance costs remained low at ₹0.83 crore for both standalone and consolidated figures. Notably, RITES 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, the write-off of the fully impaired investment in associate MMG – Metro Management Group Ltd. (Israel) had no impact on the current quarter's profit and loss statement.

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 predecessor statutory auditor had reviewed the results for the quarter ended June 30, 2025.

RITES Limited has scheduled a conference call to discuss its unaudited financial results for the quarter ended June 30, 2026. The call is set for Wednesday, August 5, 2026, from 11:00 AM to 12:00 PM IST. This announcement provides investors with an opportunity to engage directly with management regarding the company's performance in Q1FY27.

The intimation was issued in compliance with Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to the National Stock Exchange of India Limited and BSE Limited on July 31, 2026. Nikhil Agarwal, Company Secretary & Compliance Officer, signed the disclosure.

Management Participation

Senior leadership will be available to address questions during the session. The following executives are confirmed to participate:

Dial-In Details

Participants can join the call via the provided access numbers or by registering through the designated link. International participants are advised to use the specific PIN number provided in the invitation. Attendees are requested to dial in at least 5–10 minutes prior to the scheduled start time to ensure connection.

For further assistance, investors may contact Animesh Lodiya at RITES Limited or Shashwati at Avian We, the investor relations agency facilitating the event.