Outcome of the Board meeting held on May 19, 2026.
RITES · price
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RITES Ltd reported audited financial results for FY2025-26 with standalone revenue from operations declining to Rs 2,074.21 crore from Rs 2,275.74 crore in FY2024-25 (approximately 9% decline). Standalone PAT decreased to Rs 380.22 crore from Rs 400.66 crore. Consolidated revenue fell to Rs 2,196.35 crore from Rs 2,415.08 crore, with consolidated PAT at Rs 423.66 crore vs Rs 454.44 crore. The Board recommended a final dividend of Rs 2.75 per share (total dividend including three interim dividends of Rs 5.20 per share aggregates to Rs 7.95 per share). Auditors issued an unmodified (clean) opinion with emphasis of matter on IRSDC being under voluntary liquidation (RITES has Rs 48 crore investment) and MMG-Metro Management Group being dissolved (investment fully provided for). The auditor's report also noted governance non-compliance: less than required independent directors and no woman director on board.
The revenue and profit decline for FY2025-26 may exert negative sentiment on the stock, though the clean audit and continued dividend payouts (total Rs 7.95 per share) provide some investor comfort.