RITES Q2FY26 Results: Revenue ₹579 Crore, PAT ₹109 Crore; Declares ₹2 Interim Dividend

RITES Limited, India’s leading transport infrastructure consultancy and engineering firm, announced its financial results for the quarter ended September 30, 2025, reporting double-digit sequential growth driven by strong performance in consultancy and export segments.

The company achieved an all-time high order book of ₹9,090 crore, with over 150 new orders worth ₹851 crore secured in Q2FY26. The Board also declared a second interim dividend of ₹2 per share, representing a payout ratio of 94%.

Q2FY26 (Consolidated) Highlights

• Operating Revenue: ₹549 crore

• Total Revenue: ₹579 crore (vs ₹562 crore in Q2FY25)

• EBITDA: ₹134 crore, up 24.7%, margin at 24.4%

• PAT: ₹109 crore, up 32.2%, margin at 18.8%

• For the first half of FY26, consolidated revenue stood at ₹1,091 crore, EBITDA at ₹250 crore (up 16.3%), and PAT at ₹200 crore (up 15.6%).

Segmental Performance

• Consultancy: ₹298 crore revenue, 32.9% margin

• Leasing: ₹43 crore revenue, 29.8% margin

• Turnkey Projects: ₹113 crore revenue

• Exports: ₹61 crore revenue

Standalone Performance

Standalone revenue (excluding other income) stood at ₹514 crore, up from ₹510 crore last year. EBITDA rose to ₹100 crore and PAT to ₹102 crore, reflecting margin improvement to 19.5% and 18.2%, respectively.

CMD’s Statement

Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, said: “Steady growth in performance, both sequentially and year-on-year, reaffirms our commitment to achieving the targets we have set for this year. Our all-time high order book and strong export momentum position us well for sustainable growth.”

He added that ‘Operation Tattva’—a focused initiative—continues to drive time-bound, cost-efficient, and quality-conscious project execution.

Dividend & Record Date

The Board declared a second interim dividend of ₹2 per share, amounting to ₹96 crore. The record date for dividend payment is November 15, 2025.