RITES Q2 FY27 results: what the company reported
RITES Limited, a government-owned transport consultancy and engineering company, filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on the afternoon of 4 November 2026, after a board meeting held the same day.
Published 6 November 2026 · Potoos Research Services
In short. For July to September 2026, RITES reported consolidated revenue from operations of Rs 556.83 crore, up +1.5% from Rs 548.53 crore a year earlier. Consolidated profit for the period was Rs 97.06 crore, down -11.0% from Rs 109.10 crore. The board declared a second interim dividend of Rs 1.90 per share, with a record date of 11 November 2026.
The numbers
The first two tables are consolidated, from the company’s statement of consolidated results. RITES reports in Rs crore, so the figures are copied as filed. The change column is worked out by us from the filing’s own numbers.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 556.83 | 548.53 | +1.5% |
| Total income (revenue and other income) | 582.81 | 578.83 | +0.7% |
| Profit before tax | 131.01 | 146.38 | -10.5% |
| Profit for the period | 97.06 | 109.10 | -11.0% |
| Profit attributable to owners of RITES | 86.18 | 98.21 | -12.2% |
| EPS, basic (Rs) | 1.79 | 2.04 | -12.3% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,089.03 | 1,038.23 | +4.9% |
| Total income | 1,143.49 | 1,090.51 | +4.9% |
| Profit for the period | 194.84 | 199.99 | -2.6% |
| Profit attributable to owners of RITES | 173.39 | 178.31 | -2.8% |
| EPS, basic (Rs) | 3.61 | 3.71 | -2.7% |
The filing says there were no exceptional items in any period shown. Consolidated profit includes the share of profit of joint ventures, Rs 1.02 crore in the quarter against Rs 4.29 crore a year earlier. Of the quarter’s profit of Rs 97.06 crore, Rs 10.88 crore belonged to outside shareholders in subsidiaries RITES does not fully own (non-controlling interest). EPS is not annualised.
Against the previous quarter (April to June 2026), consolidated revenue from operations was higher: Rs 556.83 crore against Rs 532.20 crore, a change of +4.6%. Consolidated profit for the period was Rs 97.06 crore against Rs 97.78 crore, a change of -0.7%.
The company’s press release headline says “Revenue ₹583 cr”. That figure is total income, which includes other income. Revenue from operations, the first line of the results, was Rs 556.83 crore.
RITES Limited on its own (standalone)
RITES also filed standalone results, for RITES Limited alone without its subsidiaries and joint ventures. Also in Rs crore, as filed:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 521.82 | 513.79 | +1.6% |
| Total income | 564.76 | 561.10 | +0.7% |
| Profit for the period | 94.35 | 102.22 | -7.7% |
| EPS, basic (Rs) | 1.96 | 2.13 | -8.0% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 1,019.81 | 969.48 | +5.2% |
| Total income | 1,089.51 | 1,036.97 | +5.1% |
| Profit for the period | 166.15 | 168.87 | -1.6% |
| EPS, basic (Rs) | 3.46 | 3.51 | -1.4% |
The press release says standalone revenue grew 7.6% and standalone profit after tax grew 31.4% “sequentially”, which means against April to June 2026, not against a year earlier. On the filing’s numbers, standalone total income rose from Rs 524.75 crore to Rs 564.76 crore (+7.6%) and standalone profit from Rs 71.80 crore to Rs 94.35 crore (+31.4%) against April to June 2026. Against July to September 2025, standalone profit was lower, as the table shows.
The dividend
The board declared a second interim dividend for 2026-27 of Rs 1.90 per share of face value Rs 10, which is 19% of the Rs 10 face value of each share (the filing calls it 19% of the paid-up share capital). The record date is Wednesday 11 November 2026, and the dividend is to be paid on or before 3 December 2026. The press release puts the total payout at Rs 91.31 crore.
Shares bought on the record date itself do not count. To see why, read our answer on record dates and when a purchase counts.
What the company said
These are the company’s own words, from the press release it filed with NSE on 4 November 2026.
“The performance in this quarter has been muted, with certain planned revenue milestones sliding marginally into Q3. We remain focused on making up for this in the remaining quarters and achieving the targets set for the year.”
Rahul Mithal, Chairman and Managing Director, RITES Limited, press release, 4 November 2026
The press release also says:
- The order book was Rs 9,388 crore on 30 September 2026, with more than 130 orders worth more than Rs 446 crore secured in the quarter.
- Consultancy brought in Rs 285 crore of revenue in the quarter, leasing Rs 49 crore and turnkey work Rs 187 crore.
- Year on year, revenue rose slightly, “driven by growth across all segments except exports”.
The notes to the results add that the board, on 25 September 2026, approved starting the closure of RITES (Afrika) Proprietary Limited, a wholly owned subsidiary in Botswana. The outcome letter also says a proposed joint venture with NICC Infrastructure Construction LLC is not materialising.
What the auditors said
The figures are unaudited. The statutory auditors, S R Goyal & Co, Chartered Accountants, carried out a limited review, which is lighter than a full audit. Their reports include an emphasis of matter, which draws attention to a point without changing their conclusion:
- Indian Railway Stations Development Corporation Limited (IRSDC), a joint venture in which RITES has invested Rs 48.00 crore, is under voluntary liquidation. RITES’ 24% share of IRSDC’s net worth on 30 September 2026 was Rs 60.39 crore, so management sees no impairment. RITES received an interim payment of Rs 47.04 crore from the liquidator in July 2026, which is held as an advance until the liquidation is settled.
- For RITES (Afrika), whose closure has begun, RITES has an investment of Rs 0.01 crore against a net worth of Rs 1.79 crore, so management sees no impairment.
The auditors say their conclusion is not modified in respect of these matters.
Dates
- Board meeting: 4 November 2026, from 15:00 to 16:30 IST. The board approved the results after the Audit Committee reviewed them.
- Filed with NSE: 4 November 2026 at 16:46 IST. The press release followed at 21:46 IST.
- Dividend record date: 11 November 2026. Payment on or before 3 December 2026.
Consolidated and standalone: consolidated figures add up RITES Limited and its subsidiaries as one group, plus its share of joint ventures. Standalone figures cover RITES Limited alone.
Total income: revenue from operations plus other income, such as interest. For this quarter RITES reported Rs 556.83 crore from operations and Rs 25.98 crore of other income, giving total income of Rs 582.81 crore.
Interim dividend and record date: an interim dividend is paid during the year, before the annual accounts. The record date is the day the company checks its list of shareholders to decide who gets it.
Emphasis of matter: a paragraph in which auditors point readers to a note in the results. It is not a qualification of their conclusion.
Rs crore: one crore is ten million rupees. RITES reports in Rs crore, so no conversion was needed.
Q2 FY27: the second quarter of the financial year that runs from April 2026 to March 2027.
Sources
- RITES Limited, outcome of board meeting with unaudited standalone and consolidated results and limited review reports, 4 November 2026. nsearchives.nseindia.com
- RITES Limited, press release “RITES Q2FY27 Revenue ₹583 cr; PAT ₹97 cr”, 4 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company’s filing or, where the page says so, from its press release. Every percentage change in the tables, and any subtotal marked as ours, is worked out by us from the filing’s own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was RITES’ revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 556.83 crore, against Rs 548.53 crore in July to September 2025, a change of +1.5%. Total income, which adds other income, was Rs 582.81 crore. That is the Rs 583 crore in the press release headline.
Did RITES’ profit go up or down in Q2 FY27?
Down against a year earlier. Consolidated profit for the period was Rs 97.06 crore, against Rs 109.10 crore, a change of -11.0%. The owners’ share was Rs 86.18 crore, against Rs 98.21 crore (-12.2%). Against April to June 2026, consolidated profit was almost unchanged, at -0.7%.
What dividend did RITES declare and what is the record date?
A second interim dividend for 2026-27 of Rs 1.90 per share of face value Rs 10. The record date is Wednesday 11 November 2026, and the dividend is to be paid on or before 3 December 2026.
Why does the press release say profit grew 31.4%?
That figure compares standalone profit with the previous quarter, April to June 2026: Rs 94.35 crore against Rs 71.80 crore. Against July to September 2025, standalone profit was lower, at Rs 94.35 crore against Rs 102.22 crore.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.