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RITES Ltd reported a slight decline in its net profit for the March quarter of FY26 as higher operational expenses weighed on earnings. The company posted a net profit of INR 129.97 crore compared to INR 132.71 crore in the corresponding period last year. Despite the dip in profitability, revenue saw strong growth driven by increased business activity across segments. Total income rose to INR 799.21 crore during the quarter, while expenses also climbed significantly. The company’s board has recommended a final dividend of INR 2.75 per share for FY26, subject to shareholder approval.
Infrastructure consultancy and engineering firm RITES Ltd reported a 2 per cent decline in consolidated net profit for the March quarter of FY26 due to a sharp rise in expenses, even as the company recorded healthy revenue growth during the period. Advertisement
The company posted a net profit of INR 129.97 crore for the January-March quarter, compared to INR 132.71 crore reported in the same period last year, according to a regulatory filing submitted to the BSE.
Revenue performance remained strong during the quarter. Total income increased to INR 799.21 crore from INR 625.81 crore in the corresponding quarter of the previous financial year. The rise in income reflects higher execution across consultancy, engineering and infrastructure-related projects handled by the company.
At the same time, total expenses increased significantly to INR 617.50 crore during the quarter, compared to INR 434.76 crore a year earlier. The higher expenditure impacted overall profitability despite the rise in revenue.
The board of directors has recommended a final dividend of INR 2.75 per equity share for FY26. The dividend proposal will be subject to approval by shareholders at the company’s upcoming annual general meeting.
RITES, a government-backed engineering and consultancy company under the Ministry of Railways, operates across multiple infrastructure sectors in India and overseas markets. Its business portfolio includes railways, metro systems, bridges, tunnels, urban infrastructure, airports, institutional buildings, sustainability projects and green mobility solutions.
Over the past few years, the company has continued to diversify beyond railway consultancy by expanding into urban transport and infrastructure development projects. RITES has also been involved in export-related assignments and rolling stock consultancy in international markets, strengthening its position as a multi-sector engineering consultancy firm.
Source PTI
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