RITES shares rise 5% as firm secures order worth ₹25 crore from NTPC

“…we are pleased to inform you that RITES has received a Letter of Award from NTPC Limited for the Biennial MGR Mega Contract for S&T Maintenance, Track Maintenance, MGR operation & DU handling at the NTPC Mouda Super Thermal Power Project,” RITES said in a regulatory statement.

The order is expected to be completed in 24 months.

In a separate filing, RITES has informed us that it will hold its 51st Annual General Meeting on September 23, 2025.

Following this, shares of RITES were trading higher on Monday. Last seen, the stock was rallying 4.3% up at ₹254.44 per share on the National Stock Exchange.

Over a month’s period, RITES shares have climbed a little more than 1%.

Since March 3, 2025, which is six months, shares of the firm have climbed over 28%. Year-to-date, RITES shares, however, have declined 14%.

Shares of the company had touched their one-year high of ₹384 apiece on September 20, 2024, while their 52-week low of ₹192.40 was hit on March 3, 2025.

The government-owned company had reported a 1.1% year-on-year (YoY) increase in its consolidated net profit to ₹91 crore in Q1 FY26. In the corresponding period a year ago, it had clocked a profit of ₹90 crore.

The PSU's revenue from operations surged 0.82% YoY to ₹490 crore during the quarter under review, compared to ₹486 crore in the June quarter of FY25.

The firm generated ₹272.35 crore in revenue from the domestic consultancy segment during the reporting quarter, which grew 6.6% YoY from ₹255.48 crore in the same period last year. Its revenue from the consultancy segment abroad soared 11.93% YoY to ₹17.82 crore in Q1FY26, as against ₹15.92 crore in the first quarter of FY25.

At an operational level, the company's EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹114 crore, jumping 7% YoY from ₹106 crore in the year-ago period. Its EBITDA margin expanded to 23% in Q1FY26, as against 21.8% in Q1FY25.

RITES’ board of directors had also declared the first interim dividend of ₹1.30 per share, at 13% of the paid-up share capital of the company.