Mumbai: RITES Limited (BSE: 541556, NSE: RITES), the government-owned engineering consultancy and infrastructure firm under the Ministry of Railways, reported a 21% year-on-year increase in consolidated profit after tax (PAT) to ₹115.10 crore for the third quarter ended December 31, 2025 (Q3 FY26).
The company’s Board of Directors also declared a third interim dividend of ₹1.90 per equity share, with the record date set for 10 February 2026 and payment on or before 5 March 2026.
Q3 FY26 Financial Highlights (Consolidated)
- Revenue from Operations: ₹608.59 crore, up 6% YoY
- Profit Before Tax (PBT): ₹154.05 crore, up 7% YoY
- Profit After Tax (PAT): ₹115.10 crore, up 21% YoY
- Earnings Per Share (EPS): ₹2.12 (Basic, not annualized)
- Total Income: ₹634.85 crore
The growth was supported by strong performance in the consultancy, turnkey construction, and export segments.
Segmental Performance
- Domestic Consultancy: ₹313.20 crore, largest contributor to revenue.
- Export Sales: ₹62.00 crore, up sharply from ₹0.74 crore in Q3 FY25, reflecting international project traction.
- Turnkey Construction Projects: ₹172.41 crore.
- Leasing Business: ₹43.05 crore, maintaining stable performance.
Strategic Updates and Joint Ventures
- Dividend Declaration: The ₹1.90 per share interim dividend highlights RITES’ commitment to rewarding shareholders.
- IRSDC (Indian Railway Stations Development Corporation): Voluntary liquidation ongoing; RITES’ 24% share valued at ₹58.41 crore as of December 31, 2025. No impairment is anticipated.
- MMG-Metro Management Group Ltd: Voluntary dissolution initiated; investment of ₹0.60 crore already impaired.
- New Labour Codes: Impact assessed in Q3 results and found to be not material.
Auditor Review and Shareholding
The financial results underwent a limited review by S.R. Goyal & Co., Chartered Accountants, who issued an unmodified review report.
- Promoter Holding (Government of India): 72.20%
- Public Shareholding: 27.80%
- Pledged Shares: None
Outlook
RITES continues to leverage its engineering expertise and strong government affiliation to secure projects in both domestic and international markets. The focus remains on core consultancy services, turnkey projects, and expanding export operations.
About RITES Limited
RITES Limited is a leading public sector undertaking (PSU) and engineering consultancy and infrastructure company under the Ministry of Railways, providing planning, design, construction, and project management services for transportation and industrial sectors across India and abroad.
