Q3 2025 RITES Ltd Earnings Call Transcript
Key Points
- RITES Ltd (NSE:RITES) achieved a record-breaking order inflow of over INR 1,900 crore in Q3 FY25, nearly equivalent to the entire previous fiscal year's total.
- The company has maintained a consistent strike rate of securing one order per day for four consecutive quarters, resulting in an all-time high order book of INR 8,000 crore.
- RITES Ltd (NSE:RITES) is targeting a 20% top-line growth in FY25-26, driven by revenues from consultancy, export, and turnkey projects.
- The company has successfully diversified its client base in quality assurance, with a shift from 60% Indian Railways to 60% non-Indian Railways clients.
- RITES Ltd (NSE:RITES) has established strategic MOUs in the Middle East, opening up new opportunities for growth in rail infrastructure and logistics.
- Year-over-year, RITES Ltd (NSE:RITES) experienced a 15-16% dip in both top-line and bottom-line performance in Q3 FY25.
- Export margins are expected to be significantly lower than the historical 20% due to competitive global tenders.
- The company's revenue from turnkey projects, which have lower margins, is increasing, potentially impacting overall profitability.
- There has been a delay in the execution of the Bangladesh export order, pushing revenue realization to the next fiscal year.
- RITES Ltd (NSE:RITES) faced a hit of INR 200 crore in top-line revenue over the first nine months of FY25, primarily due to a lack of export revenue and reduced quality assurance and turnkey revenues.
Good morning, ladies and gentlemen, I'm moderator for this conference. Welcome to the conference call of RITES Limited to discuss its Q3 FY25 results. We have with us today, Shri Rahul Mithal; Chairman and Managing Director; Shri Arun Kumar Singh, Director, Projects; Dr. Deepak Tripathi, Director, Technical; and Shri Krishna Gopal Agarwal , Director, Finance.
(Operator Instructions) Please note this conference is being recorded and in the interest of time and fairness to all the participants. You are requested to restrict yourself to one question per participant time permits. You may come back into the question queue.
Now, I would like to hand over the floor to Shri Rahul Mithal, Chairman and Managing Director, RITES Limited. Thank you, and over to you, sir.
Morning -- morning, everyone. Let me start with giving the safe harbor statement, the presentation and the press release which we uploaded on our website and exchanges yesterday and discussions
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