RITES posts ₹635 crore revenue, ₹115 crore PAT in Q3FY26; declares ₹1.9/share interim dividend
EBITDA rises 18.6% as RITES order book hits record ₹9,262 crore
RITES Ltd. (NSE: RITES | BSE: 541556) on Tuesday reported consolidated revenue of ₹635 crore and profit after tax (PAT) of ₹115 crore for the third quarter ended December 31, 2025 (Q3FY26). The company also announced a third interim dividend of ₹1.9 per equity share, with a payout ratio of 95.5%.
The transport infrastructure consultancy and engineering PSU recorded operating revenue of ₹609 crore, up 5.7% year-on-year, supported by double-digit sequential growth driven mainly by consultancy and export segments. EBITDA rose 18.6% to ₹145 crore, with margins improving to 23.9%.
PAT increased 5.2% to ₹115 crore, translating into a margin of 18.1%.
Record order book
RITES achieved an all-time high order book of ₹9,262 crore as of December 31, 2025, after securing over 140 orders worth more than ₹1,140 crore during Q3FY26.
9MFY26 performance
For the nine months ended December 2025, consolidated revenue stood at ₹1,726 crore compared to ₹1,685 crore in the corresponding period last year. EBITDA rose 17.2% to ₹396 crore, while PAT grew 11.6% to ₹315 crore. EBITDA and PAT margins improved to 24.0% and 18.3%, respectively.
Standalone results
On a standalone basis, Q3FY26 operating revenue came in at ₹569 crore versus ₹545 crore in Q3FY25, while total revenue stood at ₹603 crore. EBITDA rose to ₹107 crore and PAT to ₹96 crore.
For 9MFY26, standalone performance reflected steady growth across consultancy, leasing and export segments.
Segmental highlights (standalone)
- Consultancy: ₹292 crore revenue with margins of 35.4%
- Leasing: ₹43 crore revenue with margins of 34.3%
- Turnkey: ₹172 crore
- Exports: ₹62 crore
Dividend
The Board declared a third interim dividend of ₹1.9 per share, aggregating to ₹91.3 crore. The record date for dividend payment is February 10, 2026.
Management commentary
Commenting on the results, Chairman & Managing Director Rahul Mithal said, “The steady improvement in our performance, both on a sequential and year-on-year basis, is in line with our roadmap for the year. We aim to maximise performance in Q4 to achieve our growth targets.”
On future outlook, Mithal added, “With the current financial year being our ‘Year of Growth’ and consistent expansion in our order book, we are poised to make the next financial year our ‘Year of disruptive growth’.”
