RITES shares jump over 7% as Navratna firm secures international order worth $3.6 million

“We are pleased to inform you that RITES has received a Letter of Award for the “Supply of In-Service Cape Gauge Diesel Electric Locomotives” from Berhard Development Corporation (Private) Limited, Zimbabwe,” RITES said in a regulatory filing.

The order is expected to be executed in three months.

Last week, RITES had bagged another order worth $35.2 million (or ₹315.5 crore) from the international firm Ndalama Capital (Pty) Ltd for the supply of service diesel electric locomotives in South Africa, it said in a regulatory filing.

Incorporated in 1974, RITES is a Navratna Central Public Sector Enterprise under the Ministry of Railways. The company is a multidisciplinary engineering and consultancy organisation that offers a comprehensive range of services from concept to commissioning across all facets of transport infrastructure and related technologies.

RITES share price

At 11:53 AM, RITES shares were trading at ₹245.94 apiece on the National Stock Exchange, gaining 3.65%.

Over the past month, RITES shares have gained 6.5%. However, over the last six months since June 30, 2025, the stock has fallen more than 12%. On a year-to-date basis, shares of the company shares have lost nearly 17%.

Shares of the company had touched their one-year high of ₹316 apiece on June 5, 2025, while their 52-week low of ₹192.40 was hit on March 3, 2025.

The firm has a market capitalisation of ₹11,813.24 crore.

RITES Q2 earnings

The government-owned firm had reported a 34% year-on-year (YoY) increase in its consolidated net profit to ₹98 crore in the second quarter of the 2025-26 financial year (Q2 FY26). In the corresponding period a year ago, it had clocked a profit of ₹73 crore.

The PSU's revenue from operations surged 1.48% YoY to ₹549 crore during the quarter under review, compared to ₹541 crore in the September quarter of FY25.

At an operational level, the company's earnings before interest, tax, depreciation and amortisation (EBITDA), also known as operating profit, stood at ₹130 crore, jumping 22% YoY from ₹106 crore in the year-ago period.

Its EBITDA margin expanded to 23.64% in Q2 FY26, as against 19.67% in Q2 FY25.

Along with the earnings, RITES has also declared a second interim dividend of ₹2 per share, representing 20% of the company’s paid-up share capital, for the financial year 2025-26.