Gurugram : RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering firm, today announced its standalone and consolidated financial results for the Quarter and Year ended on March 31st, 2026.
The Takeaways
Double-digit sequential growth driven by an uptick in consultancy & export segments
All-time high order book of ₹9416 crore, with 120+ orders worth ₹958+ crore secured in Q4
Final Dividend of ₹2.75 per share, with total Payout Ratio of 95.4% for the year
Q4FY26 Financials (Consolidated)
Operating Revenue at ₹768 crore, up by 27.6%
EBITDA at ₹172 crore with Margins of 22.4%
PAT at ₹139 crore with Margins of 17.4%
FY26 Financials (Consolidated)
Operating Revenue stands at ₹2415 crore against ₹2196 crore in FY25
EBITDA at ₹568 crore, up by 7.7%, with Margins at 23.5%
PAT at ₹454 crore, up by 7.3%, with Margins at 18.0%
Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “In line with the roadmap laid down for FY25-26, the results reaffirm our commitment to disciplined execution across all segments with the year making the revival of our export business earnings after a gap of about 2 years.”
Financial Performance in Q4FY26
RITES operating revenue (consolidated), excluding other income, stands at ₹768 crore in Q4FY26 as against ₹602 crore in Q4FY25, up by 27.6%. Total revenue is ₹799 crore as against ₹626 crore in Q4FY25. EBITDA and PAT stand at ₹172 crore and ₹139 crore with margins of 22.4% and 17.4%, respectively. Year-on-year, revenue grew by 27%, driven by growth across all segments except turnkey.
Standalone
Operating revenue, excluding other income, stands at ₹737 crore in Q4FY26 against ₹574 crore in Q4FY25. Total standalone revenue is ₹786 crore against ₹610 crore in Q4FY25. EBITDA and PAT, with respective margins of 19.4% and 17.3%, stand at ₹143 crore and ₹136 crore against ₹162 crore and ₹134 crore, respectively, in Q4FY25.
Financial Performance in FY26
RITES operating revenue (consolidated), excluding other income, stands at ₹2415 crore in FY26 as against ₹2196 crore in FY25. Total revenue stands at ₹2426 crore as against ₹2222 crore in FY25. EBITDA and PAT stand at ₹568 crore and ₹454 crore against ₹527 crore and ₹424 crore, respectively, in FY25. EBITDA and PAT margins at 23.5% and 18.0%, respectively. The growth was driven by consultancy, leasing, and primarily exports, achieved through the supply of all 10 cape gauge locomotives to CFM Mozambique.
Segmental Performance (Standalone)
The Consultancy business continues to provide the highest revenue to the company and achieved the revenue of ₹334 crore with margins at 34.2% in Q4FY26. Leasing revenue stands at ₹44 crore, maintaining the margins of 37.0%. Turnkey revenue stands at ₹169 crore with margins of 2.4% and exports at ₹190 crore with a margin of 19.1%.
During the year, the Consultancy stream recorded revenue of ₹1185 crore, lease ₹172 crore, turnkey ₹602 crore and exports ₹316 crore.
Dividend
The Board of Directors has recommended the final dividend of ₹2.75 per share amounting
₹132 crore, subject to approval of shareholders in the ensuing Annual General Meeting.
Order Book
The company has secured more than 120 orders (including extension of works) worth more than ₹958 crore in Q4FY26, thereby reaching an all-time high order book of ₹9416 crore as on March 31st, 2026.
Outlook
On the growth prospects, Mr. Mithal said, “With the year of business re-engineering and the subsequent year of consolidation, leading to FY25-26 as the year of growth, FY26-27 will be aimed to be the year of disruptive growth across all our streams of business.”
