RITES Reports 32.2% YoY PAT Growth in Q2FY26, Declares ₹2 Interim Dividend
RITES Limited has announced robust financial results for Q2FY26. Consolidated PAT increased by 32.2% year-on-year to ₹109.10 crore. Revenue from operations grew by 1.5% to ₹548.74 crore, driven by strong performances in consultancy and exports segments. EBITDA rose by 25.2% to ₹134.00 crore. The company secured new orders worth ₹850 crore, resulting in a record order book of ₹9,090 crore. The Board declared a second interim dividend of ₹2 per share. RITES supplied 2 locomotives to Mozambique and secured 15 major projects across various sectors during the quarter.
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RITES Limited , a leading transport infrastructure consultancy and engineering company, has reported strong financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics.
Financial Highlights
| Metric (Consolidated) | Q2FY26 | Q2FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹548.74 crore | ₹540.86 crore | +1.5% |
| Total Income | ₹579.04 crore | ₹562.13 crore | +3.0% |
| EBITDA | ₹134.00 crore | ₹107.00 crore | +25.2% |
| Profit Before Tax (PBT) | ₹146.38 crore | ₹111.28 crore | +31.5% |
| Profit After Tax (PAT) | ₹109.10 crore | ₹82.50 crore | +32.2% |
RITES has delivered an impressive performance in Q2FY26, with consolidated Profit After Tax (PAT) surging by 32.2% year-on-year to ₹109.10 crore. The company's EBITDA and PBT also showed substantial growth, increasing by 25.2% and 31.5% respectively compared to the same quarter last year.
Operational Performance
The company's operating revenue reached ₹548.74 crore on a consolidated basis, marking a 1.5% increase from the previous year. This growth was primarily driven by strong performances in the consultancy and exports segments.
RITES maintained its momentum in securing new orders, adding ₹850 crore worth of projects during the quarter. This has resulted in a record order book of ₹9,090 crore, providing strong visibility for future revenue.
Segment-wise Performance
Consultancy Services
The domestic consultancy segment remained the largest contributor to revenue, generating ₹313.41 crore in Q2FY26.
Exports
The export segment saw significant growth, with revenue jumping to ₹60.60 crore from ₹2.31 crore in Q2FY25.
Leasing
Revenue from the leasing segment increased to ₹42.84 crore, up from ₹35.19 crore in the same quarter last year.
Key Developments
- RITES supplied 2 locomotives to Mozambique during Q2FY26, continuing its streak of securing export orders every quarter.
- The company secured 15 major projects worth ₹851 crore during the quarter, spanning railway maintenance, locomotive supply, and project management across various sectors.
Dividend Declaration
The Board of Directors has declared a second interim dividend of ₹2 per share (face value of ₹10 per share) for the financial year 2025-26. This represents a 94% dividend payout ratio, reflecting the company's strong cash flow position and commitment to shareholder returns.
Management Commentary
While specific management quotes are not provided, the results indicate that RITES' strategy of diversifying its service offerings and focusing on high-margin segments has paid off. The company's ability to secure new orders and maintain a healthy order book suggests a positive outlook for the coming quarters.
RITES continues to demonstrate its resilience and growth potential in the infrastructure consultancy and engineering sector. With a record order book and strong financial performance, the company appears well-positioned to capitalize on India's ongoing infrastructure development initiatives.
Historical Stock Returns for RITES
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | +1.29% | +1.20% | -14.91% | -7.26% | +95.78% |
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