RITES Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

RITES witnessed an 8% drop in revenue and 14% decline in PAT for FY25, with Q4 EBITDA margins at 23% and PAT margins at 18%. The order book reached a record ₹8,900 Cr, supported by 150+ orders worth ₹1,400 Cr in Q4. Export orders (~₹1,350 Cr) from Mozambique and Bangladesh will kick off in FY26, driving ~20% top-line growth. Management anticipates stable EBITDA margins near 20% and PAT around 15-16%, despite tougher bidding and export revival. Consultancy is steady, while quality assurance and leasing are rebounding. CapEx remains low (<₹75 Cr), aiding a high dividend payout (~95%). The tone is confident, focusing on order inflow, execution, and global growth.