RITES shares rise nearly 3% ahead of Q4 earnings: Recent order inflows, project wins; everything investors should know

Shares of RITES Limited were trading higher on Tuesday, May 19, rising 2.55% to their intraday high of ₹212.49 apiece. The company is expected to release its March quarter earnings later in the day.

At 11:07 AM, RITES shares were trading at ₹212.1 apiece on the National Stock Exchange, gaining 2.36%.

Over a month’s time, the stock has lost 3%, while it has tumbled 15% in the last six months. From the beginning of the year, RITES shares have fallen 13%.

The company has a market capitalisation of ₹10,174.86 crore.

Shares of the company had touched their one-year high of ₹316 apiece on June 5, 2025, while their 52-week low of ₹175 was hit on March 30, 2026.

Recent orders and project updates

On April 8, RITES had said that it has received an amendment to the Letter of Award dated March 31, 2021, from National Aluminium Company Limited (NALCO) for providing detailed engineering and project management consultancy services for the construction of a railway siding at Sankerjang (Phase I) for the Utkal-D coal mines on a cost-plus turnkey basis under deposit mode.

The contract value of the project was enhanced from ₹79.73 crore to ₹118.89 crore excluding GST, the firm had said.

Again, on March 21, the Navratna CPSE had received a Letter of Acceptance from the Research Designs and Standards Organisation (RDSO), Lucknow, for a comprehensive maintenance contract of the dedicated test track between Gudha and Thathana Mithri stations in the Jodhpur division of the north-western railway. The deal valued at ₹105.69 crore (excluding GST) is expected to be executed over a period of 60 months from the date of issuance of the LOA.

On March 7, valued at ₹45.19 crore, RITES had received a work order from the Public Works (Roads) Directorate, Government of West Bengal, to provide consultancy services as a project management consultant for the construction of a proposed four-lane extra-dosed bridge over the Muriganga River, connecting Kachuberia (Sagar Island) with Kakdwip in South 24 Parganas. The contract is to be executed over a period of 48 months.

The company, on March 6, had received revised estimates from South Western Railway for the railway electrification project covering the Mysuru–Hassan–Mangaluru section, including Hassan–Arsikere. The work will be executed on a cost-plus turnkey basis. The revised project cost was estimated at ₹729.28 crore excluding GST (including RITES fees).

Here’s how RITES performed in Q3 FY26

The government-owned firm had reported a 2% year-on-year (YoY) increase in its consolidated net profit to ₹102 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26). In the corresponding period a year ago, it had clocked a profit of ₹100 crore.

The PSU's revenue from operations surged 6% YoY to ₹609 crore during the quarter under review, compared to ₹576 crore in the December 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 ₹143 crore, up 21% YoY from ₹118 crore in the year-ago period.

Its EBITDA margin expanded to 23.44% in Q4 FY26, as against 20.49% in Q4 FY25.

Along with the earnings, RITES has also declared a third interim dividend of ₹1.9 per share, representing 19% of the company’s paid-up share capital, for the financial year 2025-26. The dividend was paid on March 5, 2026.

About RITES

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

RITES has a special advantage because it offers a wide variety of services and has a strong presence in many areas, including railways, highways, metros, tunnels, bridges, urban engineering, sustainability and green mobility, airports, ports, ropeways, institutional buildings, and inland waterways.