Rites eyes growth despite competitive pressures, shifts

RITES Limited (BSE:RITES) released its investor presentation on March 6, 2025, showcasing a diversified business portfolio and a global footprint spanning 55+ countries. The company boasts a robust order book of ₹7,978 Cr as of December 31, 2024. For the first nine months of FY25, RITES secured ₹3,963 Cr worth of projects, with consultancy services leading at ₹1,183 Cr. Financial highlights include consistent EBITDA and PAT margins, with 9MFY25 figures at 26.5% and 16.8% respectively. RITES aims for future growth through strategic initiatives like expanding into new geographies and focusing on technology-driven solutions. The company acknowledges challenges such as increasing competition, policy shifts toward competitive bidding, and securing suitable financing for foreign projects. RITES remains committed to its Net Zero 2030 vision for Indian Railways, driven by its REMC Ltd subsidiary.