RITES Limited, a leading transport infrastructure consultancy and engineering firm, announced its financial results for Q3 FY25, along with a third interim dividend of Rs 1.9 per share, representing a payout ratio of 96.1%.
For the quarter ending December 31, 2024, RITES reported consolidated operating revenue of Rs 576 crore, with total revenue reaching Rs 614 crore, marking a sequential growth of 9.3% from Rs 562 crore in the previous quarter. The consolidated EBITDA for the quarter stood at Rs 123 crore, with margins at 21.3%, and profit after tax (PAT) was Rs 109 crore, up from Rs 83 crore in Q2 FY25. However, compared to Q3 FY24, total revenue declined by 12.3%, mainly due to lower revenue from quality assurance, a slowdown in turnkey projects, and the absence of exports.
Standalone revenue for the quarter was Rs 592 crore, down from Rs 678 crore in Q3 FY24. Standalone EBITDA and PAT were reported at Rs 90 crore and Rs 95 crore, respectively, with margins of 16.6% and 16.1%.
Despite the decline in revenue, RITES achieved its highest-ever order book of Rs 7978 crore as of December 31, 2024. The company secured over 110 orders worth Rs 1933 crore in Q3 FY25, nearly matching the total order value for FY24.
The Board of Directors declared a third interim dividend of Rs 1.9 per share, totalling Rs 91.31 crore, with the record date for payment set for February 1, 2025. Chairman and Managing Director Rahul Mithal highlighted the company’s continued focus on growth, supported by its strong order book and diversified offerings.
