Rites Ltd
Rites Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
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What the Q1 FY27 call signalled
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The short version
RITES Limited aims for double-digit growth in revenue sequentially each quarter in FY27. RITES Limited aims for double-digit sequential revenue growth in upcoming quarters (Page 16).
From Rites Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- RITES Limited aims for double-digit growth in revenue sequentially each quarter in FY27.
- The company targets incremental growth quarter-on-quarter to achieve FY targets.
- Export orders are expected to contribute significantly, with a target of over INR 300 crores in export revenue this year.
- The export order book stands at INR 2,100 crores, which is expected to be executed mainly by FY28.
- Management aims to maintain a steady inflow of export orders, targeting at least one export order per quarter.
- Growth is also expected from the renewable consultancy segment (REMCL), which is diversifying into international and domestic renewable consultancy.
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
- RITES Limited currently operates with low CapEx and hardly any working capital requirement, maintaining a debt-free status.
- The company is strategically building bench strength in employees to handle increasing order execution.
- Expansion efforts include diversifying REMCL into international and domestic renewable consultancy, indicating a strategic focus on consultancy growth areas rather than heavy capital investment.
- Export rolling stock and consultancy have a growing order book, but investments there appear operational rather than capital intensive.
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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
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Order Book & Pipeline
- Current total order book as of Q1 FY27 is INR 9,450 crores.
- Approximately 50% of the order book is Turnkey, contributing around 30-33% of quarterly revenue, with margins of 1.5-2%.
- The other 50% includes project consultancy and export rolling stock consultancy.
- Export order book stands at INR 2,100 crores, with INR 1,775 crores from rolling stock exports.
- Major export orders: ~INR 900 crores from Bangladesh (200 coaches), balance from locomotives in Mozambique and Africa.
- They expect to achieve at least INR 300 crores in export revenue in FY27.
- Order intake maintained at 128 orders worth INR 670 crores in Q1 with a strike rate of about 1.4 orders per day.
- Targeting to reach INR 10,000 crore order book despite significant execution.
2 more points from Rites Ltd's call on order book
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Rites Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
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.
Full financials →Continue your research
What Rites's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Construction this season
- Brahmaputra Inf. (Q1 FY27)
Strong revenue growth:** Consolidated top line grew 20% YoY to ₹110.79 crore in Q1 FY27, marking the first ₹100+ crore quarter in 10 years. Key concall…
- Cemindia Project (Q1 FY27)
25,000 crores in new orders this year, potentially increasing order book by 3-4x in coming years. Key concall takeaways from Cemindia Projects Ltd's Q1 FY27…
- Chavda Infra Ltd (Q1 FY27)
Revenue from operations for Q1 FY27: ₹84.0 crores . Key investor presentation takeaways from Chavda Infra Ltd's Q1 FY27 investor presentation — and how it ranks
- Banka Bioloo (Q1 FY27)
Q1 FY26-27 Revenue: ₹1,640 Lakhs . Key investor presentation takeaways from Banka Bioloo's Q1 FY27 investor presentation — and how it ranks against sector peers
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Rites Ltd Q1 FY27 results?
RITES Limited aims for double-digit growth in revenue sequentially each quarter in FY27. RITES Limited aims for double-digit sequential revenue growth in upcoming quarters (Page 16).
What is Rites Ltd share price analysis?
Rites Ltd currently shows a below-average growth signal. The stock trades at a P/E of 24.1 with a market cap of ₹10,071 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rites Ltd planning capital expenditure?
RITES Limited currently operates with low CapEx and hardly any working capital requirement, maintaining a debt-free status.
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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.