RITES Ltd

RITES Limited will hold its 52nd Annual General Meeting on September 25, 2026, at 11:00 A.M. (IST) through video conferencing and other audio-visual means, and has fixed Sunday, September 20, 2026, as the record date for the final dividend, if approved at the meeting, in compliance with SEBI regulations.

RITES Limited announced that its board of directors approved the re-appointment of Shri Rahul Mithal as Chairman & Managing Director and Chief Executive Officer beyond October 6, 2026, until June 30, 2027, or until further orders, subject to shareholder approval at the company's Annual General Meeting. Mithal, who has held the position since October 7, 2021, is from the Indian Railway Service of Mechanical Engineers and holds an MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai.

RITES Ltd. (NSE: RITES, BSE: 541556) announced its standalone and consolidated financial results for the quarter ended June 30, 2026, reporting consolidated operating revenue of Rs 532 crore, up 8.6% from Rs 490 crore in the prior year’s quarter, and a profit after tax of Rs 98 crore. The company secured more than 120 orders worth over Rs 674 crore in Q1FY27, resulting in an all-time-high order book of Rs 9445 crore, and declared an interim dividend of Rs 1.4 per share, amounting to Rs 67.28 crore, with a payout ratio of 93.7%.

Rites Ltd share price gained 2.33% to Rs 219.25. The Company's net profit tanked by 29.83% to Rs 97.78 crore, while revenue from operations plunged by 30.73% to Rs 532.2 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.63 lakh crore, declining 2.94%. It has marginally improved by 3.56% over last one week and dipped slightly by 2.89% in last one month while the market capitalization of Rites Ltd has inched up 2.41% and 3.22% in the same period respectively. Profit before tax (PBT) of Rites Ltd stood at Rs 130.56 crore in Q2 FY26, rising 7.38% year-on-year, and crashing by 29.71% quarter-on-quarter. EBITDA came in at Rs 86 crore, slipping 6.50% YoY and tanking 37.19% sequentially. Total expenses slumped by 29.60% to Rs 434.11 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 135.71 crore, dipping slightly 0.96% YoY. For the TTM ended FY26, revenue from operations contracted by 10.46% to Rs 2196.35 crore, while net profit declined by 14.45% to Rs 423.66 crore, compared to previous TTM. EBITDA surged by 55848% to Rs 409.29 crore, and PBT dropped 15.71% to Rs 565.02 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 637.06 crore in FY26, as against Rs 431.56 crore in FY25. Rites Ltd nosedived by 15.43% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.94% during the same period.

RITES will hold a meeting of the Board of Directors of the Company on 4 August 2026.

The scope of the contract includes providing consultancy services for the implementation of the Patna Metro Rail Construction Project. The project is scheduled to be executed over a period of 68 months. The company stated that the contract does not constitute a related-party transaction and confirmed that neither its promoters nor members of the promoter group have any interest in the award of the contract. Rites is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). The official announcement was made on Friday, 26 June 2026, after market hours. The company reported a 1.40% decline in consolidated net profit to Rs 139.35 crore, despite a 27.56% increase in revenue from operations to Rs 768.26 crore in Q4 FY26 compared with Q4 FY25. The counter shed 0.57% to Rs 225.10 on BSE. Powered by Capital Market - Live

Rites in a consortium has received work from Patna Metro Rail Corporation for consultancy Services for implementation of Patna Metro Rail construction project. The company's share in the project is Rs 79.22 crore.

The scope of the contract includes providing consultancy services for the implementation of the Patna Metro Rail construction project. The project is scheduled to be executed over a period of 68 months. The company stated that the contract does not constitute a related-party transaction and confirmed that neither its promoters nor members of the promoter group have any interest in the award of the contract. Rites is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). The company reported a 1.40% decline in consolidated net profit to Rs 139.35 crore, despite a 27.56% increase in revenue from operations to Rs 768.26 crore in Q4 FY26 compared with Q4 FY25. The counter rose 1.55% to settle at Rs 226.40 on Saturday, 11 July 2026. Powered by Capital Market - Live

The international contract involves the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives and is valued at $35.8 million. The project is scheduled to be executed over a period of 20 months. The company said the formal contract agreement will be signed after the completion of due diligence by both parties. Following the execution of the agreement, the order will be added to the company's order book. Rites is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). The company reported a 1.40% decline in consolidated net profit to Rs 139.35 crore, despite a 27.56% increase in revenue from operations to Rs 768.26 crore in Q4 FY26 compared with Q4 FY25. The counter fell 0.99% to settle at Rs 215.95 on Monday, 6 July 2026.Powered by Capital Market - Live

RHI Magnesita India Ltd, KPIT Technologies Ltd, Reliance Power Ltd, DCM Shriram Ltd are among the other stocks to see a surge in volumes on NSE today, 01 July 2026.Rites Ltd saw volume of 848.72 lakh shares by 14:14 IST on NSE, a 176.89 fold spurt over two-week average daily volume of 4.80 lakh shares. The stock increased 14.58% to Rs.234.33. Volumes stood at 5.36 lakh shares in the last session.RHI Magnesita India Ltd recorded volume of 133.56 lakh shares by 14:14 IST on NSE, a 56.69 times surge over two-week average daily volume of 2.36 lakh shares. The stock gained 8.20% to Rs.397.90. Volumes stood at 2.08 lakh shares in the last session.KPIT Technologies Ltd recorded volume of 221.63 lakh shares by 14:14 IST on NSE, a 11.56 times surge over two-week average daily volume of 19.17 lakh shares. The stock lost 15.94% to Rs.564.50. Volumes stood at 54.66 lakh shares in the last session.Reliance Power Ltd clocked volume of 3070.05 lakh shares by 14:14 IST on NSE, a 9.46 times surge over two-week average daily volume of 324.40 lakh shares. The stock gained 11.96% to Rs.27.81. Volumes stood at 426.55 lakh shares in the last session.DCM Shriram Ltd recorded volume of 3.46 lakh shares by 14:14 IST on NSE, a 9.32 times surge over two-week average daily volume of 37127 shares. The stock gained 0.27% to Rs.1,008.50. Volumes stood at 51742 shares in the last session.Powered by Capital Market - Live