RITESNSERITES LimitedMediumNeutral
Announced Wed, 21 May · 22:19 IST

RITES Limited has informed the Exchange about Transcript

Mgmt Guided Margin PressureOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

RITES · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

RITES Limited shared its Q4 and FY25 results transcript, reporting an 8% revenue dip and 14% PAT dip for the full year, in line with earlier guidance. The company achieved an all-time high order book of ~INR 8,900 crores, winning 150+ orders worth INR 1,400 crores in Q4 alone. For FY26, management is targeting ~20% revenue growth with EBITDA margins around 20% and PAT margins of 15-16%, as export orders (Mozambique locomotives and Bangladesh coaches) are set to begin deliveries from late Q1 FY26. Dividend payout remained strong at 95.4%, and CapEx guidance is kept modest at INR 50-75 crores, reinforcing the low-CapEx, consultancy-focused business model.

Likely market impact

Positive signal for shareholders as the company guides for record revenue and profit in FY26, backed by a strong order book and resumption of export deliveries. However, the guidance indicates margin compression compared to historical levels, with EBITDA settling around 20% versus past highs, reflecting increased competitive bidding.