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RITES (RITES) investor relations material
RITES Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2FY27 consolidated operating revenue rose 1.5% YoY to ₹556.83 crore, while PAT fell to ₹97.06 crore as lower exports and an adverse revenue mix weighed on profits. H1 revenue rose, but PAT declined.
Several revenue milestones slipped 10–15 days into Q3, muting Q2 and H1; management said FY27 double-digit consolidated operating-revenue growth and a full-year profit above the prior year remain on track.
Added ₹446 crore of orders during Q2; the order book stood at ₹9,388 crore on September 30, 2026.
Financial highlights
Consolidated Q2 revenue from operations was ₹556.83 crore versus ₹548.53 crore; total revenue was ₹583 crore versus ₹579 crore.
Standalone Q2 revenue from operations was ₹521.82 crore versus ₹513.79 crore; PAT was ₹94.35 crore versus ₹102.22 crore.
Consolidated Q2 PAT was ₹97.06 crore versus ₹109.10 crore; PBT was ₹131.01 crore versus ₹146.38 crore.
H1 consolidated revenue from operations rose to ₹1,089.03 crore from ₹1,038.23 crore, while PAT declined to ₹194.84 crore from ₹199.99 crore.
H1 standalone revenue was ₹1,019.81 crore versus ₹969.48 crore; PAT was ₹166.15 crore versus ₹168.87 crore. No exceptional items were recorded in Q2 or H1.
Outlook and guidance
Double-digit FY27 consolidated operating-revenue growth remains on track; H2 exports and turnkey contributions are expected to rise substantially versus H1.
Management expects to exceed prior-year profit despite a substantial Q4 Pay Commission provision; H2 execution is expected to accelerate.
Export revenue and profits are expected from Q3 as Bangladesh coach supplies begin, with Mozambique supplies also supporting H2 activity.
Order inflow guidance is one-plus order per day, targeting a ₹10,000 crore order book; consultancy revenue is expected to reach at least double-digit growth in the near future.
- Record contracts and turnover, offset by lower PAT and Tanzania start-up challenges.RITES
Q4 07/08 - Record revenue and operating growth, but lower profits after prior-year non-recurring income.RITES
Q4 11/12 - Higher operating turnover and PAT, with Tanzania Railways exposure a key risk.RITES
Q4 09/10 - Record FY11 earnings and ₹1,000 crore of orders, with a material Tanzania-related uplift.RITES
Q4 10/11 - Record FY13 revenue and PAT, alongside diversification and Mozambique-related uncertainty.RITES
Q4 12/13 - Record FY15 profit and stronger consultancy offset export weakness, with major railway opportunities ahead.RITES
Q4 14/15 - Record revenue and PAT, alongside a material foreign-exchange accounting qualification.RITES
Q4 13/14 - Record FY16 results included a ₹91.13 crore PBT boost from the Mozambique settlement.RITES
Q4 15/16 - Record ₹3,731 crore order book and 18% income growth, with PAT slightly lower.RITES
Q4 16/17
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