Rites' Q2 FY 2025-26 Quarterly Results

Result Summary

• Rites Ltd reported a 13.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.0%.
• Its expenses for the quarter were up by 11.3% QoQ and down 3.3% YoY.
• The net profit increased 20.0% QoQ and increased 32.2% YoY.
• The earnings per share (EPS) of Rites Ltd stood at 2.04 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Rites Ltd, a government-owned engineering consultancy corporation in India, specializes in the field of transport infrastructure. The company provides a range of services including consultancy, engineering, project management, and turnkey projects in the railway, urban transport, and other infrastructure sectors. As a public sector enterprise, it primarily operates under the aegis of the Ministry of Railways. While there is no information available in the provided data regarding recent major developments, Rites Ltd has historically been involved in various significant projects within and outside India, contributing to its reputation as a leading player in the infrastructure sector.

Revenue

In the second quarter of the fiscal year 2026, Rites Ltd reported a total income of ₹579.04 crores, showing a quarter-over-quarter (QoQ) increase of 13.2% from ₹511.72 crores in Q1FY26. Year-over-year (YoY), the total income increased by 3.0% compared to ₹562.13 crores in Q2FY25. This upward trend in revenue over both the quarterly and yearly periods highlights the company's ability to generate increased earnings despite market conditions. The growth in revenue is indicative of the company's operational performance within its industry.

Profitability

Rites Ltd's profitability metrics for Q2FY26 reveal a profit before tax (PBT) of ₹142.09 crores, which is an increase of 19.2% QoQ from ₹119.22 crores in Q1FY26 and a 29.0% increase YoY from ₹110.18 crores in Q2FY25. The company paid ₹37.28 crores in taxes this quarter, up 21.4% QoQ and 29.5% YoY. Consequently, the profit after tax (PAT) for Q2FY26 stood at ₹109.10 crores, reflecting a 20.0% QoQ increase from ₹90.89 crores and a 32.2% YoY increase from ₹82.50 crores. The earnings per share (EPS) for the quarter was ₹2.04, marking a 22.2% QoQ and a 34.2% YoY growth. These figures demonstrate robust profitability and an upward trajectory in earnings.

Operating Metrics

The total expenses for Rites Ltd in Q2FY26 amounted to ₹436.95 crores, which is a 11.3% increase from ₹392.50 crores in Q1FY26. However, there was a decrease of 3.3% YoY compared to ₹451.95 crores in Q2FY25. The controlled expenses relative to income growth have contributed to the enhancement of the company's profit margins. The increase in profits and earnings per share indicates efficient cost management and operational efficiency. The trends in operating metrics, including the lower YoY expenses, suggest a focus on maintaining profitability while managing costs effectively.