RITES Q3 Results: Revenue up 6%, margin expands; dividend announced

RITES Ltd posted a steady performance for the December quarter, reporting a 2% year-on-year rise in net profit to ₹102 crore, compared with ₹100 crore in the corresponding period last year.

Revenue increased

5.7% to ₹608.6 crore, supported by stable execution across its core consultancy and project management segments.

Operating performance improved meaningfully during the quarter, with EBITDA rising 21.5% year-on-year to ₹142.5 crore from ₹117.3 crore.

This led to a notable expansion in margins, which stood at 23.4%, compared with 20.4% a year earlier, reflecting better operating leverage.

Alongside the earnings announcement, the company declared its third interim dividend for FY26 at ₹1.90 per equity share, representing 19% of the paid-up share capital. The record date for determining eligible shareholders has been fixed as February 10, 2026, with the dividend scheduled to be paid on or before March 5, 2026.

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In the equity market, shares of RITES were trading at ₹226.26 on the NSE as of 2:31 pm, up 1.09% for the day. The stock touched an intraday high of ₹229.67 following the results announcement, as investors took note of the improvement in operating profitability and the dividend payout.