RITESNSERITES LimitedHighNeutral
Announced Tue, 19 May · 14:12 IST

RITES Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue DeclineEmphasis Of MatterResults RestatedResults View source PDF

RITES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

RITES Limited reported audited standalone revenue of Rs 2,074.21 crore for FY26 versus Rs 2,275.74 crore in FY25, representing approximately 8.9% revenue decline. Standalone PAT fell to Rs 380.22 crore from Rs 400.66 crore (down ~5.1%). Consolidated revenue was Rs 2,196.35 crore with PAT of Rs 423.66 crore. EPS stood at Rs 7.91 (standalone) vs Rs 8.34 prior year. The Board recommended final dividend of Rs 2.75 per share (total dividend Rs 8 per share including Rs 5.20 interim already paid). No exceptional items were recorded. Auditors S.R. Goyal & Co. issued unmodified opinion with emphasis on IRSDC (under voluntary liquidation with Rs 48 crore investment) and MMG Metro Management (fully provided for, struck off post reporting date). Segment revenues were restated due to reclassification of provisions reversal. The company operates across consultancy (domestic and abroad), export sales, leasing, turnkey construction, and power generation segments.

Likely market impact

Revenue and profit declined year-on-year though the company maintains healthy cash flows and continues shareholder returns. The governance non-compliances (independent directors and woman director requirements) flagged by auditors could attract regulatory attention, though the audit opinion remains clean.