RITES reported a strong Q2FY26, with consolidated profit after tax (PAT) jumping 32.2% YoY to ₹109 Cr.

Standalone PAT grew 25.2% YoY to ₹102 Cr.

While overall revenue saw moderate growth, sequential performance was robust, driven by consultancy and booming exports.

Profit margins improved thanks to a favorable segment mix, despite a decline in turnkey segment revenue.

Growth was significantly fueled by a massive 2523% surge in export revenue, including the supply of locomotives to Mozambique and a ₹160 Cr order for Talis Logistics, South Africa.

New MoUs with NICC, Abu Dhabi, and CMPDI highlight strategic expansion into international and renewable sectors.

The company secured ₹851 Cr in new orders this quarter, boosting its order book to an all-time high of ₹9,090 Cr.

The Board has affirmed a 2nd interim dividend of ₹2 per share.

Management anticipates revenue from newly secured turnkey projects to pick up in upcoming quarters.