RITES Limited , a leading transport infrastructure consultancy and engineering company, has secured a significant contract for the construction of a Regulator cum Bridge (RCB) from Cochin International Airport Limited. The project, valued at an estimated Rs 52.00 crore (exclusive of GST), marks another milestone in RITES' portfolio of infrastructure development projects.

Project Details

The contract involves the construction of an RCB across Chengalthodu at Chengal, Kanjoor Panchayath, near Cochin International Airport. RITES will be responsible for the entire project lifecycle, from concept to commissioning, on a turnkey basis. The contract follows a cost-plus-fee model, which includes project management consultancy (PMC) fees.

Key Aspects of the Contract

Strategic Importance

This domestic contract strengthens RITES' position in the infrastructure development sector, particularly in airport-related projects. The company's ability to secure such contracts underscores its expertise in handling complex engineering projects and its strong reputation in the industry.

Financial Implications

While the contract value of Rs 52.00 crore may not significantly impact RITES' overall financial position, given the company's scale of operations, it contributes to their order book and demonstrates continued business momentum. The cost-plus-fee model also ensures that RITES can maintain its profit margins while executing the project.

Conclusion

The securing of this contract by RITES showcases the company's continued success in winning infrastructure projects. As RITES moves forward with the execution of this bridge construction project, stakeholders will be keen to observe its impact on the company's performance and its potential to lead to similar opportunities in the future.

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

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.