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Rites Ltd

Q1 FY26Construction

Rites Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹218
Market cap₹10.6K Cr
P/E25.5
Updated23 Aug 2026
Read4 min read

The short version

Order book stands at INR 8,800 crore, with INR 3,500 crore added recently; execution to ramp up from latter part of FY26. RITES expects sequential uptick in revenues starting latter part of FY26 and aims to surpass previous year's performance.

From Rites Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Order book stands at INR 8,800 crore, with INR 3,500 crore added recently; execution to ramp up from latter part of FY26.
  • Turnkey projects, with a current order book of INR 4,209 crore, expected to generate substantial revenue from Q3-Q4 FY26.
  • Export orders, including locomotives to Mozambique and Bangladesh rake of 20 coaches, expected to begin revenue recognition from Q2 FY26 onwards.
  • Consultancy segment showing broad-based growth across sectors; expected to maintain or grow margins around 30-35%.
  • REMCL consultancy revenues expected to scale up by at least 20% in the next year due to increased traction power procurement and green energy initiatives.

2 more points from Rites Ltd's call on revenue

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Profitability & Margins

See what Rites Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The company is debt-free with low Capex requirements, indicating limited near-term capital investments.
  • Recent design approvals for container flat wagons (from RDSO) suggest plans to pitch for manufacturing orders from Indian Railways and private players, signaling potential future investment in wagon production via the JV SRBWIPL.
  • Manufacturing of container flat wagons is expected to commence soon, with the first prototype aimed to be physically ready by the end of the current financial year.
  • The JV SRBWIPL has a current order book of INR 480 crore, expected to grow in coming quarters, indicating ongoing expansion.

Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Rites Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book as of June 30 stands at INR 8,800 crore.
  • Of this, roughly INR 3,500 crore worth of orders have been added in the last two quarters.
  • The turnkey order book is INR 4,209 crore, with much of it recently acquired.
  • JV SRBWIPL has an order book of INR 480 crore as of June 30, expected to grow with new approvals and private sector orders.
  • Export order book stands at about INR 1,400 crore, including fresh African Railway orders.

2 more points from Rites Ltd's call on order book

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Rites Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹768 Cr, net profit ₹139 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Rites Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Rites Ltd Q1 FY26 results?

Order book stands at INR 8,800 crore, with INR 3,500 crore added recently; execution to ramp up from latter part of FY26. RITES expects sequential uptick in revenues starting latter part of FY26 and aims to surpass previous year's performance.

What is Rites Ltd share price analysis?

Rites Ltd currently shows a neutral. The stock trades at a P/E of 25.4 with a market cap of ₹10,624 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rites Ltd planning capital expenditure?

The company is debt-free with low Capex requirements, indicating limited near-term capital investments.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.