RITES board declares Rs 2 interim dividend, Q2 profit up
RITES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 2.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RITES board declared second interim dividend of Rs 2 per share for FY26 with record date Nov 15. Q2 standalone net profit rose to Rs 102.22 cr from Rs 85.96 cr YoY on revenue of Rs 514 cr. H1 standalone profit at Rs 168.87 cr versus Rs 150.82 cr last year. Consolidated Q2 profit after tax was Rs 109.10 cr. H1 EPS stood at Rs 3.51 standalone and Rs 3.71 consolidated.
Interim dividend rewards shareholders, while stronger Q2 profits and steady revenue point to solid operational performance.