RITES (RITES) investor relations material

Executive summary

• Achieved 19% year-over-year revenue growth and 8% increase in bottom line for Q1 FY 2027, driven by execution of a record order book.

• PAT increased by 7.7% year-over-year in Q1FY27, with PBT and EBITDA up 7.4% and 2.5% respectively.

• Consolidated revenue from operations for Q1 FY27 was ₹532.20 crore, up from ₹489.70 crore in Q1 FY26.

• Secured over 120 projects/contracts worth ₹674 crore during the quarter, maintaining a record order book of ₹9,450 crore.

• Interim dividend of ₹1.4 per share declared, with a payout ratio of 93.7%.

Financial highlights

• Export revenue for FY expected to be at least INR 300 crore, with further clarity by end of Q2.

• EBITDA margin held at 22%-23.8% and PAT margin at 14%-17% sequentially; red lines set at 20% EBITDA and 15% PAT margins.

• Employee costs increased by about INR 10 crore YoY in Q1, mainly due to a 450-person increase in headcount.

• Standalone operating revenue for Q1 FY27 was ₹497.99 crore, up from ₹455.69 crore in Q1 FY26.

• Consolidated EPS for Q1 FY27 was ₹1.81 (basic and diluted), up from ₹1.67 in Q1 FY26.

Outlook and guidance

• Full-year guidance targets substantial growth over last FY, with double-digit revenue and profit growth.

• Export revenue expected to pick up from Q2FY27 with the start of coach supplies to Bangladesh.

• Export and project consultancy expected to account for about 15% of total revenue this year.

• Management does not perceive any impairment in the carrying value of its investment in IRSDC, which is under voluntary liquidation.

• Export order execution to continue into next FY, with Bangladesh coach deliveries extending into early to mid-next year and Mozambique locomotive deliveries possibly starting by FY end.