RITES Ltd

RITES signed a Memorandum of Understanding (MoU) with Crisil. The partnership aims at combining RITES' extensive capabilities in transport infrastructure and engineering consultancy with Crisil's strengths in data intelligence, analytics, research, and market insights to deliver integrated, data-driven infrastructure solutions. Under the MoU, the organisations will jointly explore consultancy assignments and infrastructure opportunities across a wide range of sectors, including railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management, and industrial infrastructure, in India and abroad. The collaboration will focus on strengthening analytical and advisory support for infrastructure projects through market intelligence, data validation, financial due diligence, valuation support, and development of analytical models for consultancy assignments undertaken by RITES.

RITES announced that the Board of Directors of the Company at its meeting held on 19 May 2026, inter alia, have recommended the final dividend of Rs 2.75 per equity Share (i.e. 27.5%) , subject to the approval of the shareholders.

Net profit of Rites declined 2.06% to Rs 129.97 crore in the quarter ended March 2026 as against Rs 132.71 crore during the previous quarter ended March 2025. Sales rose 27.56% to Rs 768.26 crore in the quarter ended March 2026 as against Rs 602.29 crore during the previous quarter ended March 2025. For the full year,net profit rose 6.62% to Rs 410.27 crore in the year ended March 2026 as against Rs 384.80 crore during the previous year ended March 2025. Sales rose 9.96% to Rs 2415.08 crore in the year ended March 2026 as against Rs 2196.35 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales768.26602.29 28 2415.082196.35 10 OPM %21.8930.82 -22.9423.45 - PBDT202.25211.54 -4 673.77627.14 7 PBT185.75194.75 -5 607.77565.02 8 NP129.97132.71 -2 410.27384.80 7 Powered by Capital Market - Live

Total expenses for the period under review added up to Rs 617.50 crore, up 42.03% YoY. Profit before tax in Q4 FY26 stood at Rs 185.75 crore, down by 4.62% from Rs 194.75 crore recorded in Q4 FY25. The board has recommended a final dividend of Rs 2.75 per equity share (27.50%) on 48,06,03,774 equity shares having a face value of Rs 10 each for the financial year 2025'26. 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). Powered by Capital Market - Live

RITES has opened a representative office in the Philippines operating under the name of 'Rites Limited SE-Asia Rep. Ofc.' to cater business development activities.

RITES has received amendment to the Letter of Award  dated 31 March 2021 for Detailed Engineering & Project Management Consultancy (PMC) for the work of Construction of Railway Siding at Sankerjang in Phase-I for Utkal-D Coal Mines of NALCO' on Deposit Mode from National Aluminium Company (NALCO), on cost plus turnkey basis. The contract value has been enhanced from 79.73 crore to 118.89 crore.

Rites has received Letter of Acceptance from Research Designs and Standards Organisation (RDSO), Lucknow for comprehensive maintenance contract of dedicated test track between Gudha and Thathana Mithri stations of Jodhpur division of NWR. The contract is valued at Rs 105.69 crore. Powered by Capital Market - Live

The contract involves maintenance of a dedicated test track between Gudha and Thathana Mithri stations in the Jodhpur division of North Western Railway. The project is to be executed over a period of 60 months from the date of issuance of the letter of acceptance (LoA). The order has been awarded by a domestic entity and is classified as a domestic contract. The transaction is between a government organization and a government-owned company, with no promoter or group company interest involved. It is also clarified that the contract does not fall under related party transactions. RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region. As of September, the Government of India held 72.20% in the company. The company reported a 5.2% rise in consolidated net profit to Rs 115.10 crore on a 5.7% increase in revenue from operations to Rs 608.59 crore in Q3 FY26 as compared with Q3 FY25. Shares of RITES rose 0.55% to end at Rs 191.65 on the BSE.Powered by Capital Market - Live

The scope of work includes consultancy services as Project Management Consultant (PMC) for the construction of the bridge along with approach roads connecting Kachuberia on Sagar Island with Kakdwip in the South 24 Parganas district. Under the contract, RITES will undertake design and construction supervision as the Authority Engineer for the project. The order has been awarded by a domestic entity and is scheduled to be executed over a period of 48 months. The transaction is between the Government of West Bengal and the government-owned company. The company said the promoter, promoter group, or group companies do not have any interest in the awarding entity. Separately, RITES said that it has received revised estimates from South Western Railway for railway electrification work of the Mysuru'Hassan'Mangaluru project, including the Hassan'Arsikere section. The work has been awarded on a cost-plus turnkey basis and pertains to the electrification of the Mysuru'Hassan'Mangaluru line, including the Hassan'Arsikere section. The revised project cost for the order stands at Rs 729.28 crore, excluding GST, including RITES fees. RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region. As of September, the Government of India held 72.20% in the company. The company reported a 5.2% rise in consolidated net profit to Rs 115.10 crore on a 5.7% increase in revenue from operations to Rs 608.59 crore in Q3 FY26 as compared with Q3 FY25. Shares of RITES fell 3.56% to Rs 199 on the BSE.Powered by Capital Market - Live

Rites has received work order valued at Rs 45.18 crore from Public Works (Roads) Directorate, Government of West Bengal for consultancy services as Project Management Consultant in connection with 'Construction of a proposed 4 lane extra dosed bridge over river Muriganga including approaches connecting Kachuberia (Sagar Island) with Kakdwip in the district of South 24 Parganas'.Powered by Capital Market - Live