ALFA Finder
The call ran from 10:59 AM to 11:43 AM IST (44 min).
Key takeaways
Q2 was muted: revenue milestones slipped 10-15 days into Q3, hitting top and bottom line. Management reiterates FY27 double-digit revenue growth and margin red lines, with no quantified Q2 numbers given.
| Management target | Revenue FY27 |
|---|
| Revenue growth | Q2 ~1.5% YoY, H1 ~5% (analyst figures); Q2 turnkey-led, zero exports. |
|---|---|
| Margins | H1 console EBITDA 22%; red line 18-20%; no return to 25%+. |
| Order book | Turnkey ~₹4,500 Cr (cost-plus, PMC-style); 60%+ book competitive; ₹10,000 Cr target. |
| Demand visibility | Order inflow ~1 order/day; ~70% of fresh inflow competitive. |
| Management confidence | Defensive-optimistic: reiterates guidance despite muted Q2, few specifics. |
Growth
Q2 revenue ~1.5% YoY, H1 ~5% (analyst figures, not rebutted); Q2 turnkey +~₹70 Cr, exports nil.
Outlook
Management reiterates FY27 double-digit top-line growth (unquantified), EBITDA red line 18-20%, PAT 15-16%, order book target ₹10,000 Cr.
Risks
Export slippage (Bangladesh first rake ~10-12 days late); pay-commission provision from Q4, unquantified; mix-driven margin dilution.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Rites Q2 FY27 Results: Net Profit ₹97.1 Cr, Down 11.0% YoY
Rites Ltd reported revenue from operations of ₹556.8 Cr (+1.5% YoY) and net profit of ₹97.1 Cr (-11.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹97.1 Cr · -11.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting INR 10,000 crore order book; 15% revenue contribution from exports; EBITDA margin floor of 20%.
Growth they described
Revenue grew 9-10% YoY; PAT grew ~8% YoY. QA revenue steady at INR 70 crore.
Call details
| Company | RITES Ltd |
|---|---|
| NSE symbol | RITES |
| ISIN | INE320J01015 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 11:00 AM IST |
| Length | 44 min |
RITES Ltd: key numbers
- Share price
- ₹194.72
- Market cap
- ₹9,358 Cr
- Revenue (annual)
- ₹2,415 Cr
- Net profit (annual)
- ₹410.3 Cr
- P/E (TTM)
- 22.6×Sector 33.4×
- Promoter holding
- 72.20%+0.00% QoQ
- FII holding
- 3.38%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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