RITES Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
RITES reported year-on-year revenue growth of 9-10% and bottom-line growth of about 8% for Q1 FY27, which management attributed to the order book built up over the last fiscal year starting to generate revenue. Management said EBITDA margin held at 22% and PAT margin at about 17% on a consolidated basis, consistent with the prior quarter. The order book grew to INR 9,450 crore during the quarter, with export revenue recognition from the Bangladesh coach order expected to begin in Q2 with the first rake shipment.
RITES reported that FY26 export income crossed INR 300 crore for the first time in nearly two years, and the company ended the year with a record order book of INR 9,416 crore as of 31st March despite executing over INR 750 crore in Q4 alone. Management said consultancy revenue grew 6% YoY with quality assurance revenue up 16%, while turnkey revenue remained about INR 200 crore lower than the prior year. Management also detailed REMCL's performance, with revenue up 16% and profit up 19% to about INR 90 crore.