New Delhi: RITES Limited, the leading transport infrastructure consultancy and engineering firm under the Ministry of Railways, announced its financial results for the second quarter ended September 30, 2025 (Q2FY26), registering a strong year-on-year (YoY) growth in profitability and a record order book.
The company reported a consolidated operating revenue of ₹549 crore, up 1.5% from ₹541 crore in Q2FY25. Total revenue rose to ₹579 crore from ₹562 crore a year earlier. EBITDA climbed 24.7% to ₹134 crore, while profit after tax (PAT) surged 32.2% to ₹109 crore. The firm maintained healthy margins of 24.4% (EBITDA) and 18.8% (PAT) during the quarter.
RITES Chairman and Managing Director Rahul Mithal said, “Steady growth in performance, sequentially and improvement YoY, reaffirms our commitment to achieving the targets we have set for this year.”
H1FY26 Performance
For the first half of FY26, RITES recorded a total consolidated revenue of ₹1,091 crore, compared to ₹1,070 crore in H1FY25. EBITDA rose 16.3% to ₹250 crore, while PAT increased 15.6% to ₹200 crore, reflecting robust margins of 24.1% and 18.3%, respectively.
Standalone Performance
On a standalone basis, RITES posted an operating revenue of ₹514 crore in Q2FY26, slightly higher than ₹510 crore in the same quarter last year. Total standalone revenue rose to ₹561 crore from ₹554 crore. EBITDA stood at ₹100 crore, while PAT reached ₹102 crore, with margins of 19.5% and 18.2%, respectively.
Segmental Highlights
The consultancy segment continued to lead RITES’ business mix, contributing ₹298 crore in revenue with strong margins of 32.9%. The leasing segment generated ₹43 crore with margins of 29.8%, while turnkey projects contributed ₹113 crore and exports accounted for ₹61 crore in revenue during the quarter.
Dividend Declaration
RITES’ Board of Directors declared a second interim dividend of ₹2 per share, translating to a total payout of ₹96 crore. The record date for dividend payment has been fixed as November 15, with a payout ratio of 94% for the quarter.
Robust Order Pipeline
During Q2FY26, RITES secured over 150 new orders and extensions worth more than ₹851 crore, taking its order book to an all-time high of ₹9,090 crore as of September 30, 2025.
Outlook: Strengthening India’s Infrastructure Mission
Highlighting the company’s forward-looking strategy, CMD Rahul 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.”
About RITES
RITES Limited, a Navratna public sector enterprise under the Ministry of Railways, is one of India’s leading transport infrastructure consultancy and engineering companies. With operations spanning consultancy, exports, turnkey projects, and leasing, RITES plays a key role in supporting India’s infrastructure growth. Backed by a record order book of ₹9,090 crore and strong profitability, the company continues to drive efficient, quality-focused project execution through its ‘Operation Tattva’ initiative.
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