RITES: Q1 profit up 7.6%; Q2 result due 4 November

RITES reported Q1 FY27 total income of Rs 561 crore, up 9.6 percent YoY, and net profit of Rs 98 crore, up 7.6 percent. The board meets on 4 November to approve the Q2 FY27 result and consider a second interim dividend, if any. Q1 FY27 (quarter to 30 June 2026): Total income: Rs 560.68 crore, up 9.6 percent from Rs 511.68 crore Net profit: Rs 97.78 crore, up 7.6 percent from Rs 90.89 crore RITES [][***** trades at Rs 193.46 at 9:50 AM IST today on StockGro, down 0.4 percent from Rs 194.26. The stock is about 25 percent below its Rs 257.05 high and about 12 percent above its Rs 172.85 low. At 22.3 times trailing earnings, against a sector P/E of 46.2, it trades below its sector, though StockGro’s FAQ gives a different sector average, so treat that gap with caution. My view: hold, not a fresh entry. The rebound from the low is real, but profit grew slower than income in Q1, and the stock is still well below its high. Fresh money waits for the 4 November result to show profit growth above Q1’s 7.6 percent. Without that, no fresh money. My exit is a close below Rs 172.85, the 52-week low on StockGro’s overview. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.