RITES Ltd (BOM:541556)

Q2 2026 RITES Ltd Earnings Call Transcript

Nov 11, 2025 / 05:30 AM GMT

Release Date Price: ₹249.15 (+0.75%)

Transcript

Key Points

Positve

RITES Ltd (NSE:RITES) maintained a strong order intake with 150+ orders totaling 850 crores, achieving a rate of 1.6 orders per day.
The company secured an export order of 160 crores for 10 locomotives to South Africa, maintaining its goal of one export order per quarter.
RITES Ltd (NSE:RITES) achieved an all-time high order book of 9,090 crores, moving towards its target of 10,000 crores.
Consultancy and export segments showed strong performance, contributing to a 12% sequential growth in revenue.
The company maintained healthy margins, with EBITDA margins above 20% and PAT margins above 15%.

Negative

The turnkey segment experienced a revenue hit of 90 crores, affecting the top-line growth.
Top-line growth remained flat due to delays in turnkey project execution, with significant contributions expected only by Q4 or Q1 of the next fiscal year.
The competitive environment has made it challenging to maintain high margins, particularly in the quality assurance vertical.
Export revenue has been inconsistent in the past, with a significant gap in contributions over the last few years.
The company faces challenges in maintaining a consistent order intake amidst increasing competition and margin pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RITS.NS - RITES Ltd
Q2 2026 RITES Ltd Earnings Call
Nov 12, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen. I'm Katigain, moderator for this conference.

Welcome to the conference Call of Rights Limited to discuss its Q2FY26 results.

We have with us today Mr. Rahul Mittal, Chairman and managing director. Doctor Deepak Trupati, Director of technical and Director of Projects, Additional charge, and Mr. Krishna Gopalaggarwal, Director of Finance and Chief Financial Officer.

At this moment, all participants are in listen-only mode. Later we will conduct a question-and-answer session.

At the time, if you have a question, please press star and 1 on a telephone keypad.

Please note, this conference is being recorded, and in the interest of time and fairness to all participants, you are

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