RITES Limited — Updates, 28-01-2025: Press Release

RITES Ltd. reported robust financial performance for Q3FY25, with total revenue at ₹614 Cr, marking a 9.3% increase from the prior quarter. Net Profit After Tax (PAT) rose by 31.1% to ₹109 Cr. The company achieved its highest-ever order book, reaching ₹7978 Cr, after securing over 110 orders worth ₹1933 Cr in Q3 alone. The board declared a third interim dividend of ₹1.9 per share, with a payout ratio of 96.1%.

On a consolidated basis, EBITDA stood at ₹123 Cr, reflecting a 21.3% margin despite a year-on-year revenue decrease due to declines in quality assurance and turnkey services. For the nine months ending December 2024, total revenue decreased to ₹1685 Cr, with a PAT of ₹282 Cr. Looking ahead, management expressed optimism about order intake, emphasizing their strategy to capitalize on multisectoral strengths. The outlook remains positive, underscoring a steady approach amid economic challenges.