According to latest market data, RITES shares experienced exceptional trading activity following the Q3 results announcement, rising 13% and recording its biggest intraday gain since May 19. The stock demonstrated strong investor confidence with trading volume running at more than six times its 20-day average, significantly higher than the typical daily trading levels. This remarkable performance reflects the market's positive response to the company's improved financial metrics and operational efficiency during the quarter.
According to reports from CNBC TV18, RITES Ltd delivered steady performance in the December quarter with net profit rising 1.9% year-on-year to ₹102 crore, compared with ₹100 crore in the corresponding period last year. The PSU reported revenue growth of 5.7% to ₹609 crore, supported by stable execution across its core consultancy and project management segments. The company demonstrated improved operational efficiency during the quarter, with the latest figures showing revenue of ₹609 crore versus ₹576 crore in the previous year.
As reported by CNBC TV18, the company's operating performance showed significant improvement with EBITDA rising 21.2% year-on-year to ₹142 crore from ₹117 crore in the previous year. This led to a notable expansion in margins to 23.4%, compared with 20.4% a year earlier, reflecting better operating leverage and improved cost management. The margin expansion indicates enhanced operational efficiency and pricing power in the company's core business segments, with the latest figures showing EBITDA of ₹142 crore versus ₹117 crore in the previous year.
According to the earnings announcement reported by CNBC TV18, RITES declared its third interim dividend for FY26 at ₹1.90 per equity share, representing 19% of the paid-up share capital. The record date for determining eligible shareholders has been fixed as February 10, 2026, with the dividend scheduled to be paid on or before March 5, 2026. This dividend declaration reflects the company's strong cash generation and commitment to returning value to shareholders, contributing to the positive investor sentiment following the results announcement.
As reported by market data, the stock's exceptional performance was accompanied by unprecedented trading activity, with volume standing 76% above the 20-day average. The stock touched an intraday high of ₹229.67 following the results announcement, as investors took note of the improvement in operating profitability and the dividend payout. The positive market response reflects investor confidence in the company's operational improvements and financial performance during the quarter, with the stock demonstrating strong momentum across multiple trading sessions following the Q3 results announcement.
