RITES shares zoom 7% as Navratna firm secures $18 million international order; check details

The order includes the supply and commissioning of overhauled in-service Cape Gauge ALCO diesel-electric locomotives.

“The delivery of the locomotives will be completed within six to eight months from the receipt of advance,” RITES said in a regulatory filing.

At 11:06 AM, RITES shares were trading at ₹260.51 apiece on the National Stock Exchange, gaining 3.25%.

Over a month’s period, RITES shares have climbed 4%. Since March 26, 2025, which is six months, shares of the firm have surged over 10%. Year-to-date, RITES shares, however, have declined 12%.

Shares of the company had touched their one-year high of ₹370.55 apiece on September 27, 2024, while their 52-week low of ₹192.40 was hit on March 3, 2025.

On September 23, RITES, in its Annual General Meeting (AGM), had approved a ₹2.65 per share final dividend for FY25.

“This is in addition to the three interim dividends totalling ₹4.90 per share that have already been paid during the year. The total dividend of ₹363 crore (₹7.55 per share) attributable to the financial year takes RITES’ dividend payout ratio to 95.4% of the earnings. The record date for the final dividend payout is September 17, 2025,” the firm had said.

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 Limited, a Government of India enterprise established in 1974 under Indian Railways, is a leading transport infrastructure consultancy with a strong presence in the railway sector. It also offers consultancy services across diverse sectors, including urban transport, roads, ports, airports, buildings, ropeways, and renewable energy.