Gurugram, November 11, 2025: RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering firm, today announced its standalone and consolidated financial results for the Quarter ended on September 30th, 2025.
The Takeaways
▪ Double-digit sequential growth driven by an uptick in consultancy & export segments
▪ All-time high order book of ₹9090 crore, with 150+ orders worth ₹850+ crore secured in Q2 ▪ 2nd Interim Dividend of ₹2 per share, with Payout Ratio of 94%
Q2FY26 Financials (Consolidated)
▪ Operating Revenue at ₹549 crore
▪ EBITDA at ₹134 crore, up by 24.7%, with Margins of 24.4%
▪ PAT at ₹109 crore, up by 32.2%, with Margins of 18.8%
H1FY26 Financials (Consolidated)
▪ Total Revenue stands at ₹1091 crore against ₹1070 crore in H1FY25
▪ EBITDA at ₹250 crore, up by 16.3%, with Margins at 24.1%
▪ PAT at ₹200 crore, up by 15.6%, with Margins at 18.3%
Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Steady growth in performance, sequentially and improvement YoY, reaffirms our commitment to achieving the targets we have set for this year.”
Financial Performance in Q2FY26
RITES operating revenue (consolidated), excluding other income, stands at ₹549 crore in Q2FY26 as against ₹541 crore in Q2FY24, up by 1.5%. Total revenue is ₹579 crore as against ₹562 crore in Q2FY25. EBITDA and PAT stand at ₹134 crore and ₹109 crore with margins of 24.4% and 18.8%, respectively. Year-on-year, revenue registered a slight increase, driven by growth across all segments except turnkey.
Standalone
Operating revenue, excluding other income, stands at ₹514 crore in Q2FY26 against ₹510 crore in Q2FY25. Total standalone revenue is ₹561 crore against ₹554 crore in Q2FY25. EBITDA and PAT, with respective margins of 19.5% and 18.2%, stand at ₹100 crore and ₹102 crore against ₹80 crore and ₹86 crore, respectively, in Q2FY25.
Financial Performance in H1FY26
RITES operating revenue (consolidated), excluding other income, stands at ₹1038 crore in H1FY26 as against ₹1027 crore in H1FY25. Total revenue stands at ₹1091 crore as against ₹1070 crore in
H1FY25. EBITDA and PAT stand at ₹250 crore and ₹200 crore against ₹215 crore and ₹173 crore, respectively, in H1FY25. EBITDA and PAT margins at 24.1% and 18.3%, respectively.
Segmental Performance
The Consultancy business continues to provide the highest revenue to the company and achieved the revenue of ₹298 crore with margins at 32.9%. Leasing revenue stands at ₹43 crore, maintaining the margins of 29.8%. Turnkey revenue stands at ₹113 crore and exports at ₹61 crore.
Dividend
The Board of Directors has declared the second interim dividend of ₹2 per share amounting ₹96 crore. The record date for the purpose of payment of dividend is November 15, 2025.
Order Book
The company has secured more than 150 orders (including extension of works) worth more than ₹851 crore in Q2FY26, thereby maintaining a highest-ever order book of ₹9090 crore as on September 30th, 2025.
Outlook
On the growth prospects, Mr. Mithal said, “As we continue to sustain our ‘one-order-a-day’ momentum and steady quarterly export wins, achieving an all-time high order book of ₹9,090 crore, our focus is on expeditious execution through ‘Operation Tattva’ — ensuring time-bound, cost-efficient and quality conscious project deliveries.”
