Gurugram, February 4: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering firm, today announced its standalone and consolidated financial results for the Quarter ended on December 31st, 2025.
The Takeaways
- Double-digit sequential growth in revenue, driven by an uptick in consultancy & export segments
- All-time high order book of ₹9262 crore, with 140+ orders worth ₹1140+ crore secured in Q3
- 3rd Interim Dividend of ₹1.9 per share, with Payout Ratio of 95.5%
Q3FY26 Financials (Consolidated)
- Operating Revenue at ₹609 crore, up by 5.7%
- EBITDA at ₹145 crore, up by 18.6%, with Margins of 23.9%
- PAT at ₹115 crore, up by 5.2%, with Margins of 18.1%
9MFY26 Financials (Consolidated)
- Total Revenue stands at ₹1726 crore against ₹1685 crore in 9MFY25
- EBITDA at ₹396 crore, up by 17.2%, with Margins at 24.0%
- PAT at ₹315 crore, up by 11.6%, with Margins at 18.3%
Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “The steady improvement in our performance, both on a sequential and year-on-year basis, is in line with our roadmap for the year, further aiming to maximise the performance in Q4 to achieve our growth targets for the year.”
Financial Performance in Q3FY26
RITES operating revenue (consolidated), excluding other income, stands at ₹609 crore in Q3FY26 as against ₹576 crore in Q3FY25, up by 5.7%. Total revenue is ₹635 crore as against ₹614 crore in Q3FY25. EBITDA and PAT stand at ₹145 crore and ₹115 crore with margins of 23.9% and 18.1%, 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 ₹569 crore in Q3FY26 against ₹545 crore in Q3FY25. Total standalone revenue is ₹603 crore against ₹592 crore in Q3FY25. EBITDA and PAT, with respective margins of 18.7% and 15.8%, stand at ₹107 crore and ₹96 crore against ₹90 crore and ₹95 crore, respectively, in Q3FY25.
Financial Performance in 9MFY26
RITES operating revenue (consolidated), excluding other income, stands at ₹1647 crore in 9MFY26 as against ₹1602 crore in 9MFY25. Total revenue stands at ₹1726 crore as against ₹1685 crore in 9MFY25. EBITDA and PAT stand at ₹396 crore and ₹315 crore against ₹338 crore and ₹282 crore, respectively, in 9MFY25. EBITDA and PAT margins at 24.0% and 18.3%, respectively.
Segmental Performance (Standalone)
The Consultancy business continues to provide the highest revenue to the company and achieved the revenue of₹292 crore with margins at 35.4%. Leasing revenue stands at ₹43 crore, maintaining the margins of 34.3%. Turnkey revenue stands at ₹172 crore and exports at ₹62 crore.
Dividend
The Board of Directors has declared the third interim dividend of ₹1.9 per share amounting ₹91.3 crore. The record date for the purpose of payment of dividend is February 10, 2026.
Order Book
The company has secured more than 140 orders (including extension of works) worth more than ₹1140 crore in Q3FY26, thereby reaching an all-time high order book of ₹9262 crore as on December 31st, 2025.
Outlook
On the growth prospects, Mr. Mithal said, “The current FY being our ‘Year of growth’ and with consistent increase in our order book, we are all set to make the next FY, our ‘Year of disruptive growth’.”
