RITES Limited announced its Q3FY26 results, highlighting a 95.6% dividend payout and an 18.9% increase in EBIDTA. The company reported its highest ever order book at ₹9262 crore and secured multiple Memorandums of Understanding. Revenue and profit showed positive growth in most segments, with consultancy and exports performing well. The company also noted locomotive supplies to Mozambique during the quarter.
Financial Performance
RITES Limited reported a strong performance in Q3FY26. Consolidated operating revenue increased by 5.7% to ₹609 crore, and total revenue rose by 3.4% to ₹635 crore. Standalone operating revenue increased by 4.5% to ₹569 crore, with total revenue growing by 1.9% to ₹603 crore.
For the nine-month period (9MFY26), consolidated operating revenue increased by 2.8% to ₹1647 crore, and total revenue rose by 2.4% to ₹1726 crore. Standalone operating revenue increased by 2.0% to ₹1539 crore, with total revenue growing by 1.2% to ₹1640 crore.
Profitability
Consolidated profit before tax (PBT) for Q3FY26 increased by 7.0% to ₹154 crore, and profit after tax (PAT) rose by 5.2% to ₹115 crore. Standalone PBT increased by 2.0% to ₹125 crore, and PAT increased by 0.5% to ₹96 crore.
For 9MFY26, consolidated PBT increased by 14.0% to ₹422 crore, and PAT rose by 11.6% to ₹315 crore. Standalone PBT increased by 9.3% to ₹347 crore, and PAT increased by 7.6% to ₹264 crore.
Segmental Performance
The Consultancy segment showed revenue of ₹292 crore in Q3FY26, a 4.1% increase. The Export segment significantly increased, showing revenue of ₹62 crore. The Turnkey segment had revenue of ₹172 crore. Leasing segment revenue was ₹43 crore
For 9MFY26, Consultancy revenue was ₹851 crore, up 6.8%. Export revenue was ₹126 crore and Turnkey segment revenue was ₹434 crore
Order Book and New Business
RITES Limited achieved its highest ever order book, valued at ₹9262 crore. The company added new orders worth over ₹1100 crore during the quarter. Key projects include those in consultancy, turnkey, and exports.
REMC Ltd Performance
REMC Ltd showed a revenue increase of 28.2% with a revenue of ₹43 crore in operating revenue. PBT also increased by 39.9% to reach ₹36 crore
Source: BSE
