RITES – Fundamental News Update: RITES continues

RITES continues to have a positive fundamental profile, supported by its strong position in railway, metro, transport consultancy, engineering and infrastructure services. In Q1 FY27, RITES reported revenue of around ₹561 crore and PAT of ₹98 crore, with profit increasing about 8% YoY, while the company maintained its focus on high-margin consultancy and turnkey projects. The company’s order book stood at around ₹9,450 crore, providing good revenue visibility, and management has guided for FY27 export revenue of approximately ₹300 crore while targeting EBITDA margins above 20%. RITES has also secured a ₹79.22 crore Patna Metro consultancy order, strengthening its exposure to India's expanding metro-rail infrastructure. Another positive development is the MoU with HPCL for rail-infrastructure consultancy