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RITES Limited is a Miniratna Category-I Schedule A Central Public Sector Enterprise established in 1974 under the Ministry of Railways, Government of India. It provides multidisciplinary engineering and consultancy services in transport and infrastructure sectors, including railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable energy. RITES serves clients in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East. The company offers services such as project management, design, construction supervision, quality assurance, and turnkey project execution. RITES is involved in exporting rolling stock, modernizing railway workshops, and developing power generation projects using wind and solar energy. It has executed significant projects in India and abroad, including metro systems, high-speed rail corridors, and infrastructure development at various locations.
In the news

RITES shares in focus after HPCL MoU signing

Prabhudas Lilladher sets RITES target at ₹267

RITES Q1 profit up 7.7% to ₹97.8 cr, targets global diesel loco markets

RITES Secures ₹79-cr Patna Metro Consultancy Contract

Prabhudas Lilladher recommends RITES buy at ₹275 target

RITES shares jump 13% on ₹175 crore BBAU project win

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RITES contract value rises to ₹148.93 crore with NUPPL amendment

RITES partners CRISIL for data-driven infrastructure solutions

India Plans Vande Bharat Exports to Africa, Latin America

RITES continues West Asia expansion despite regional conflict

RITES gets buy rating, target Rs 275 on strong Q4 performance

RITES Q4 Results: PAT drops 1.4% YoY to ₹139 cr, revenue up 27%

RITES Q4 PAT drops 1% to ₹139 cr despite 27.6% revenue jump

RITES shares rise 3% ahead of Q4 earnings

RITES gets ₹118.89 cr NALCO order revised upward

RITES secures ₹45.19 crore bridge project management contract

Prabhudas Lilladher recommends RITES buy with ₹276 target

RITES Q3 Results: Revenue up 6%, margin expands; stock surges 13%
The Quarter story
The two most recent quarterly results, compared side-by-side.
Rites Ltd maintains stable consolidated margins and a growing order book, though seasonal revenue swings and consultancy pipeline contraction require monitoring.
Lease margin grows from 34.1% in Q2 FY26 to 38.1% in Q1 FY27, showing consistent profitability expansion.
Consultancy order book contracts from ₹2,903 Cr in Q1 FY26 to ₹2,597 Cr in Q1 FY27, signaling pipeline weakness.
Consolidated order book grows from ₹8,790 Cr in Q1 FY26 to ₹9,445 Cr in Q1 FY27, securing strong future revenue visibility.
Export revenue drops from ₹190 Cr in Q4 FY26 to ₹1 Cr in Q1 FY27, highlighting highly lumpy contract execution.
Export order book expands from ₹1,388 Cr in Q1 FY26 to ₹1,775 Cr in Q1 FY27, building a robust international pipeline.
Standalone PAT margin slips from 17.3% in Q4 FY26 to 13.7% in Q1 FY27, reflecting seasonal cost pressure.
Dividend payout holds steady at 94% in Q1 FY26 and remains at 93.7% in Q1 FY27, ensuring reliable shareholder returns.
Turnkey margin eases from 2.4% in Q4 FY26 to 1.4% in Q1 FY27, keeping profitability thin and volatile.
Turnkey order book increases from ₹4,209 Cr in Q1 FY26 to ₹4,718 Cr in Q1 FY27, maintaining healthy project intake.
Consultancy profit declines from ₹182 Cr in Q2 FY26 to ₹86 Cr in Q1 FY27, indicating margin compression.