Engineering services company RITES reported its financial results for the July-September quarter of the 2026-27 financial year (Q2 FY27) on Wednesday, November 4.
The company reported a net profit of ₹86.2 crore for the quarter, down 12.2% year-on-year (YoY) from ₹98.2 crore in the corresponding quarter of the previous financial year.
Revenue increased 1.5% YoY to ₹556.8 crore in Q2 FY27, compared with ₹548.7 crore in the year-ago period.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 5.8% to ₹122 crore from ₹129.5 crore in Q2 FY26. The EBITDA margin contracted to 21.9% from 23.6% in the corresponding quarter last year.
RITES recorded a year-on-year decline in net profit and EBITDA, while revenue registered modest growth during the September quarter.
Net profit fell by ₹12 crore to ₹86.2 crore, while revenue increased by ₹8.1 crore to ₹556.8 crore. EBITDA declined by ₹7.5 crore to ₹122 crore.
The EBITDA margin contracted by 170 basis points to 21.9% from 23.6% in the year-ago quarter.
RITES declares second interim dividend of ₹1.90 per share
The company’s board of directors declared a second interim dividend of ₹1.90 per equity share for FY27. The dividend represents 19% of the face value of ₹10 per share.
RITES has fixed Wednesday, November 11, 2026, as the record date to determine shareholders eligible for the dividend. The payment will be made on or before December 3, 2026.
RITES share price
RITES shares closed at ₹197.05 on the BSE, up ₹3.90, or 2.02%. The stock opened at ₹193.15. It has a 52-week high of ₹259.30 and a 52-week low of ₹175.10.
RITES Limited is an engineering and consultancy company operating under the Ministry of Railways. It is a Schedule A Miniratna Central Public Sector Enterprise.
RITES Q2 results: Profit falls 12.2%, revenue rises 1.5%; ₹1.90 interim dividend declared, check record date