RITES Limited — Investor Meet, 11-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

RITES reported Q1 revenue and bottom line growth of 9-10% and 8% YoY, with management confident in strong FY execution. The order book is robust at ₹9,450 Cr and targeting ₹10,000 Cr. Exports, a key focus, total ₹2,100 Cr, with Bangladesh coach deliveries starting in July and a new ₹3.5 Cr South Africa order. Turnkey projects, 50% of the book, yield lower margins (1.5-2%) but are strategic. RITES aims to maintain 20%+ consolidated EBITDA margins, navigating competitive bids and a projected 8-10% employee cost rise next FY. Vande Bharat exports and REMCL diversification are strategic priorities. Outlook is positive on sustained growth.