RITES (RITES) Q1 26/27 earnings summary

Executive summary

• Achieved consolidated Q1 FY27 revenue of ₹532.20 crore, up from ₹489.70 crore in Q1 FY26, and net profit after tax of ₹97.78 crore, reflecting 7.7% year-over-year PAT growth.

• Interim dividend of ₹1.40 per share declared for FY27, with a payout ratio above 90%.

• Maintained a record order book of ₹9,450 crore as of June 30, 2026, securing over 120 new projects/contracts worth ₹674 crore in Q1.

• Continued to secure at least one export order every quarter, with export prospects expected to strengthen.

• Signed MoU with CRISIL for integrated, data-driven infrastructure solutions.

Financial highlights

• Standalone Q1 FY27 revenue was ₹497.99 crore, up from ₹455.69 crore in Q1 FY26; consolidated EPS at ₹1.81, up from ₹1.67.

• Consultancy revenue for the quarter was around ₹70 crore, with double-digit growth expected for the year.

• REMCL contributed ₹22 crore profit and paid out a 90%+ dividend.

• Margins remained stable: EBITDA margin at 22-23.8%, PAT margin at 14-17%.

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

Outlook and guidance

• Full-year guidance targets substantial growth over the previous year, with a focus on sequential execution.

• Export revenue expected to pick up from Q2 FY27 as large orders are executed, especially with coach supplies to Bangladesh.

• EBITDA margin red line set at 20% and PAT margin at 15% on a consolidated basis.

• Employee costs expected to rise 8-10% next year due to pay revision and increased headcount.

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