Construction & Engineering company Rites announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Operating Revenue at Rs 541 crore against Rs 582 crore in Q2FY24, dip by 7.1% Total revenue is Rs 562 crore as against Rs 609 crore in Q2FY24.. EBITDA at Rs 107 crore with Margins of 19.9%. PAT at Rs 83 crore against Rs 110 crore in Q2FY24. H1FY25 Financial Highlights: Total Revenue stands at Rs 1,070 crore against Rs 1171 crore in H1FY24. EBITDA at Rs 215 crore with Margins at 21.0%. PAT at Rs 173 crore against Rs 230 crore in H1FY24. Other Highlights: Sequential standalone revenue up by 16.5%, from Rs 475 crore to Rs 554 crore. Rs 6581 crore Order Book; Secured 90+ orders worth Rs 729 crore in Q2, maintaining a ‘one order a day’ trend. Second interim dividend of Rs 1.75 per share, with a payout ratio of 97.9% Rahul Mithal, Chairman and Managing Director, RITES, said: “Our performance is in line with our aim to be improving sequentially and trying to reach levels of the previous FY, navigating the evolving business scenario.” “The confidence in our ability to leverage our strength reflects in our growing order book, maintaining a rate of ‘1 order a day’ and securing in this quarter, orders worth more than the entire H1FY24.” Result PDF
Construction & Engineering company Rites announced Q1FY25 results: Financial Highlights: Operating revenue (consolidated) stands at Rs 486 crore; PAT Rs 90 crore EBITDA (consolidated) at Rs 108 crore with 22.2% margins Rs 6,355 crore Order Book; Secured 84 orders worth Rs 1336 crore during Q1FY25 Commenting on the results, Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “While the performance in Q1 has been muted, the focus will be on faster execution of the orders received so that we cover lost ground in the coming quarters." Result PDF
Conference Call with Rites Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Rites Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company Rites announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Operating Revenue at Rs 643 crore EBITDA Rs 178 crore with Margins of 27.7%, sequential QoQ growth of 4.4% PAT at Rs 137 crore with Margins of 20.5% as against Rs 139 crore in Q4FY23 FY24 Financial Highlights: EBITDA at Rs 650 crore with Margins at 26.5% PAT at Rs 495 crore with Margins of 19.6% Final Dividend of Rs 5/share totaling to Rs 18/share, 95.2% Dividend Payout ratio Commenting on the results, Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Our focussed strategy to consolidate and minimise the impact of the challenges on the Export and Quality Assurance fronts gave results as the year progressed. From getting export orders of Rs 1200+ crore after a gap of more than 4 years and diversifying our Quality Assurance business portfolio, we are on the right track and we will capitalise aggressively on this momentum in the coming FY.” Result PDF