RITES share price jumps over 3.5% after bagging ₹28 crore order from South Central Railway

“...RITES received a Letter of Acceptance (LOA) for carrying out the final Location Survey for the high-speed elevated rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai,” the company had said in a regulatory filing on Thursday evening.

At 12:10 PM, shares of RITES were trading 3.22% higher at ₹219.65 apiece on the National Stock Exchange.

A formal agreement for the same will be executed in due course, RITES had said.

The project will involve the preparation of a detailed project report (DPR), the final alignment design, a traffic survey report, railway over railway (ROR) calculations, a detailed estimate and the preparation of the Engineering, Procurement and Construction (EPC) documents. This will be done using modern survey techniques such as airborne or terrestrial LIDAR, the company further said.

RITES shares have risen over 9% since Monday, March 3. The scrip has lost 5.5% since February 7 and 25.69% on a year-to-date basis.

The company touched its 52-week high of ₹398.45 on July 8, 2024, and low of ₹192.40 on Monday, March 3, 2025.

RITES has a total market capitalisation of ₹10,556.46 crore, as of March 7, 2025, on the NSE.

The Navranta PSU’s consolidated net profit fell 15% year-on-year (YoY) to ₹109 crore in the third quarter of FY25 (Q3FY25), compared to ₹129 crore it reported in the year-ago period.

Its revenue from operations stood at ₹575.8 crore in the quarter under review, slumping 15.7% YoY from ₹682.9 crore reported in Q3FY24.

The state-run railway company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) decreased 30.5% YoY to ₹117.4 crore. Its EBITDA margin was at 24.8%, down 440 basis points from last year.

For the first nine months of the current fiscal year, the operating revenue of the company stood at ₹1,602 crore, and total revenue was ₹1,685 crore. The EBITDA for this period was ₹338 crore, while the net profit stood at ₹282 crore.

RITES Limited is a Navratna Public Sector Enterprise engaged in the transport consultancy and engineering sector in the country, offering diversified services. With an experience of over five decades, the company has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region, the release stated.