RITES Limited has announced key changes in its senior management structure, with new appointments and transitions taking effect from February 13, 2026. The company has informed stock exchanges about these developments in compliance with SEBI regulations.

Senior Management Appointments

The company has appointed Shri Manish Tiwari as Chief Strategy Officer (CSO), marking a significant addition to the senior management team. In his new role, Tiwari will also function ex-officio as Chief Operating Officer of RITES EXPOCON.

Executive Profile and Experience

Shri Manish Tiwari brings extensive technical and managerial expertise to his new role. He holds a Graduate degree in Electrical Engineering from NIT, Bhopal, and a Masters in Quality Engineering from B.I.T, Mesra.

Tiwari's professional experience encompasses several critical areas:

• Power procurement and planning for Indian Railways
• Advisory services on regulatory issues related to deemed licensee status
• Power scheduling and procurement from energy exchanges
• Quality assurance and third-party inspection of railway equipment
• Quality systems, quality control, and drafting power purchase agreements

Management Transition

Concurrently with Tiwari's appointment, Shri Rajesh Naik has been relieved from his position as Executive Director and CSO at RITES. This transition follows his appointment as Director (Projects) at Ircon International Limited.

Regulatory Compliance

RITES Limited has filed the necessary disclosures with both NSE and BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details about both executives as required by regulatory guidelines.

The announcement was signed by Ashok Mishra, Company Secretary & Compliance Officer, ensuring proper documentation and stakeholder communication of these senior management changes.

RITES Limited has delivered strong third quarter consolidated financial results, showcasing significant improvement across key financial metrics. The railway consulting and engineering services company reported robust revenue growth alongside enhanced EBITDA performance and margin expansion during the quarter.

Financial Performance Overview

The company's third quarter results demonstrate strong operational efficiency with substantial improvements in revenue, EBITDA figures and margin expansion compared to the corresponding period in the previous year.

Revenue Growth Analysis

The company reported revenue of ₹6.00 billion for the third quarter, representing a 4.17% increase from ₹5.76 billion recorded in the corresponding quarter of the previous year. This steady top-line growth reflects the company's continued business expansion in the railway consulting and engineering services sector.

Operational Performance Analysis

The EBITDA performance of ₹1.42 billion represents a significant 20.34% increase from the ₹1.18 billion recorded in the same quarter of the previous year. More importantly, the EBITDA margin expanded substantially to 23.36% from 20.00%, indicating improved operational efficiency and cost management.

Conference Call Audio Recording Available

Following the announcement of its quarterly results, RITES Limited has made available the audio recording of its post-results conference call held on February 05, 2026. The conference call discussed the company's financial results for the quarter and nine months ended December 31, 2025.

The audio recording has been shared with stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring transparency and accessibility for investors and stakeholders.

Profitability Metrics

The consolidated net profit of ₹1.15 billion shows steady growth from the ₹1.10 billion recorded in the corresponding quarter last year. This improvement in profitability, combined with the strong EBITDA performance, reflects the company's enhanced operational capabilities during the reporting period.

RITES continues to strengthen its position in the railway consulting and engineering services sector, with the latest quarterly results demonstrating robust performance across revenue, profitability and margin metrics that underscores the company's operational excellence.