RITES targets stronger FY26 performance driven by exports
RITES Limited anticipates surpassing previous fiscal year performance, buoyed by an INR 8,800 crore order book, with INR 3,500 crore added in last two quarters of FY25. The company forecasts revenue acceleration from Q3 and Q4 FY26 as designs are finalized and execution commences.
Q1 FY26 results were flat, but consultancy showed 7% growth, contributing to 8% EBITDA increase. Export orders, including two locomotives shipped to Mozambique in early July, are expected to boost Q2 revenue.
RITES reported cash balance of INR 800 crore and client funds of INR 2,400 crore.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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