RITES Ltd (NSE:RITES)

Q3 2026 RITES Ltd Earnings Call Transcript

Feb 4, 2026 / 05:30 AM GMT

Release Date Price: ₹222.53 (-1.35%)

Transcript

Key Points

Positve

RITES Ltd (NSE:RITES) reported a strong order book, reaching an all-time high of 9,262 crores, with expectations to reach 10,000 crores by Q1 FY27.
The company maintained a high order intake rate, averaging 1.5 orders per day, with significant contributions from both domestic and international markets.
RITES Ltd (NSE:RITES) achieved a sequential growth of 10% in operating revenue and 5% in EBITDA, maintaining strong margins of 24% EBITDA and 18% PAT.
The export segment showed promising growth, with a significant order book of 1,700 crores, expected to contribute to top-line expansion in FY27.
The consultancy segment maintained healthy margins at 35.4%, contributing positively to the overall profitability of the company.

Negative

Turnkey margins were significantly lower at 1.3%, which could impact overall consolidated PBT margins as these projects scale up.
The export margins have tightened due to competitive bidding, stabilizing at around 13.5%, which is lower than historical levels.
There is a risk of margin compression in the consultancy segment due to high competition, which could affect future profitability.
The execution of turnkey projects has been slower than expected, with a decline in revenue over the last three quarters.
The company faces challenges in maintaining high margins in nomination orders due to increased negotiations and competitive pressures.

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

RITS.NS - RITES Ltd
Q3 2026 RITES Ltd Earnings Call
Feb 05, 2026 / 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 Pat again, moderator for this conference.

Welcome to the conference call of Rights Limited to discuss its Q3 FY26 results.

We have with us today Mr. Rahul Mittal, Chairman and Managing Director, Doctor Deepak Tiruppati, Director of technical and Director of Project Additional Charge, and Mr. Krishna Gopal Agarwal, Director of Finance and Chief Financial Officer.

At this moment, all participants are in reserve 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 your telephone keypad.

Please note this conference is being recorded.

In the interest of time and fairness to all participants,

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