RITES Share Price Gains 1.93% After Q2 Profit Surges 31.8% YoY

Gurugram, November 11: RITES’ share price closed in the green today after it reported a rise of 31.8% in its net profit YoY. At the market close, RITES’ share price ended higher by 1.93%, or 4.69 points, at ₹247.76. The shares made an intraday high of ₹253 and an intraday low of ₹239.95. The traded volume stood at 15.51 lakh shares, with the company’s market cap at ₹11,682 crore. The shares have their 52-week high at ₹316 and their 52-week low at ₹192.40.

RITES Limited (NSE: RITES, BSE: 541556) is a ‘Navratna’ Central Public Sector Enterprise (CPSE) under the Ministry of Railways, Government of India. It is a multinational engineering and consultancy company specialising in transport infrastructure, including railways, highways, airports, ports, and urban transport. It was established in 1974 and is headquartered in Gurugram, Haryana.

Shares Rise After Strong Q2FY26 Financial Results

In Q2 FY26, the company’s consolidated revenue from operations stood at ₹548.74 crore, a rise of 1.5% YoY from ₹540.86 crore, and up 12.0% QoQ from ₹489.74 crore. Profit after tax (PAT) increased to ₹109.10 crore, marking a 31.8% YoY rise from ₹82.80 crore. It was also 20.0% higher QoQ compared to ₹90.89 crore. On a standalone basis, revenue was ₹514.00 crore compared to ₹510.39 crore in Q2 FY25, a 0.7% YoY growth and a 12.8% QoQ increase from ₹455.73 crore. Standalone PAT rose to ₹102.22 crore, up 18.9% YoY from ₹85.96 crore, and 53.3% QoQ from ₹66.66 crore. For the first half of FY26, consolidated revenue was ₹1,038.5 crore, up 1.2% YoY, while PAT grew 15.6% to ₹200 crore.

Dividend Declaration of ₹2 Per Share

The Board has also declared a second interim dividend of ₹2.00 per share, representing 20% of the ₹10 face value. With a paid-up equity capital of ₹480.60 crore, the estimated payout is approximately ₹96 crore. The company has set the record date for eligibility as Saturday, November 15, 2025.

Investor Takeaway

RITES has reported strong financials for the quarter ended September 30. Its revenue rose 1.5%, while profit increased by 31.8%. The strong financials, along with the dividend declaration, boosted investor demand today, leading to the share price rise. Investors will hope that the shares can continue this performance in the coming days.

REF:https://nsearchives.nseindia.com/corporate/RITES_11112025134949_OutcomeSigned.pdf

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