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.

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.