New Delhi: RITES Limited has announced its financial results for the July-September quarter of the financial year 2026-27 (Q2 FY27), reporting a decline in profitability despite a rise in revenue. The railway-sector engineering and consultancy company recorded growth in revenue on both standalone and consolidated bases, while its net profit declined compared with the corresponding quarter of the previous financial year.
On a consolidated basis, RITES reported a profit after tax (PAT) of ₹97.06 crore in Q2 FY27, compared with ₹109.10 crore in Q2 FY26. This represents a year-on-year decline of approximately 11%.
Consolidated revenue from operations increased to ₹556.83 crore during the quarter, compared with ₹548.53 crore in the corresponding period last year, registering growth of approximately 1.5%.
On a standalone basis, the company’s profit after tax stood at ₹94.35 crore, down from ₹102.22 crore in Q2 FY26. Meanwhile, standalone revenue from operations increased to ₹521.82 crore from ₹513.79 crore in the year-ago quarter.
RITES Q2 FY27 Standalone Financial Performance
RITES recorded moderate revenue growth but reported lower profits in its standalone financial results for the September quarter.
The company’s revenue from operations stood at ₹521.82 crore in Q2 FY27, compared with ₹513.79 crore in Q2 FY26. Total income increased to ₹564.76 crore from ₹561.10 crore in the corresponding quarter of the previous financial year.
However, profitability witnessed a decline. Profit before tax (PBT) fell to ₹120.65 crore from ₹131.85 crore in Q2 FY26, while profit after tax (PAT) declined to ₹94.35 crore against ₹102.22 crore.
The company’s basic earnings per share (EPS) stood at ₹1.96 in Q2 FY27, compared with ₹2.13 in the year-ago quarter.
RITES Standalone H1 FY27 Performance
For the first half of FY27 (April-September), RITES reported an improvement in revenue, while its profitability remained lower than the corresponding period of the previous financial year.
Key standalone financial figures for H1 FY27 are as follows:
- Revenue from Operations: ₹1,019.81 crore, compared with ₹969.48 crore in H1 FY26.
- Total Income: ₹1,089.51 crore, against ₹1,036.97 crore in the corresponding period last year.
- Profit Before Tax (PBT): ₹217.78 crore, compared with ₹221.60 crore.
- Profit After Tax (PAT): ₹166.15 crore, against ₹168.87 crore.
- Basic Earnings Per Share (EPS): ₹3.46, compared with ₹3.51 in H1 FY26.
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RITES Q2 FY27 Consolidated Financial Performance
On a consolidated basis, RITES reported revenue growth alongside a decline in net profit during the September quarter.
Consolidated revenue from operations increased to ₹556.83 crore in Q2 FY27 from ₹548.53 crore in Q2 FY26.
However, consolidated profit after tax declined to ₹97.06 crore from ₹109.10 crore in the corresponding quarter last year.
The company’s basic earnings per share (EPS) stood at ₹1.79 in Q2 FY27, compared with ₹2.04 in Q2 FY26.
RITES Consolidated H1 FY27 Performance
During the first half of FY27, RITES continued to record growth in consolidated revenue, although its consolidated profitability and earnings per share registered a decline.
The key consolidated financial figures for H1 FY27 are:
- Revenue from Operations: ₹1,089.03 crore, compared with ₹1,038.23 crore in H1 FY26.
- Profit After Tax (PAT): ₹194.84 crore, against ₹199.99 crore in the corresponding period last year.
- Basic Earnings Per Share (EPS): ₹3.61, compared with ₹3.71 in H1 FY26.
RITES EBITDA Declines 5.8%, Margin Contracts to 21.9%
According to the reported quarterly performance figures, RITES recorded a decline in its earnings before interest, tax, depreciation and amortisation (EBITDA) during Q2 FY27.
EBITDA declined 5.8% year-on-year to ₹122 crore from ₹129.5 crore in Q2 FY26.
The EBITDA margin also contracted by 170 basis points to 21.9%, compared with 23.6% in the corresponding quarter of the previous financial year.
While revenue registered modest growth, the decline in EBITDA and margins reflected pressure on the company’s operating performance during the quarter.
RITES Declares Second Interim Dividend of ₹1.90 Per Share
Along with its Q2 FY27 financial results, the board of directors of RITES declared a second interim dividend of ₹1.90 per equity share for the financial year 2026-27.
The dividend represents 19% of the face value of ₹10 per equity share.
The company has fixed November 11, 2026, as the record date to determine the eligibility of shareholders for the dividend. The payment will be made on or before December 3, 2026.
RITES Share Price on November 4
RITES shares closed at ₹197.05 on the BSE on Wednesday, November 4, gaining ₹3.90 or 2.02% during the trading session.
The stock opened at ₹193.15. It has recorded a 52-week high of ₹259.30 and a 52-week low of ₹175.10.
About RITES Limited
RITES Limited is an engineering, consultancy and project management company operating under the Ministry of Railways. It is a Schedule A Miniratna Central Public Sector Enterprise (CPSE) that provides engineering and technical consultancy services across the transport and infrastructure sectors.
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