Rites Q1 Results: Profit Rises Marginally; Announces Dividend
Revenue rose 0.8% to Rs 489.74 crore.
Rites Ltd.'s net profit rose 1% in the quarter ended June of the current financial year.
The company's bottom line rose to Rs 80.1 crore during the April-June period, compared to Rs 79.02 crore for the same period last year, according to an exchange filing on Wednesday.
Rites Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 0.8% to Rs 489.74 crore versus Rs 485.76 crore.
Net profit up 1% to Rs 80.1 crore versus Rs 79.02 crore.
Ebitda up 8% to Rs 114.15 crore versus Rs 105.78 crore.
Margin expands to 23.3% versus 21.8%.
It has also announced its first interim dividend of Rs 1.3 per share for the current fiscal and the record date is set as Aug. 12.
Shares of Rites closed 0.91% lower at Rs 255.50 apiece on the NSE, compared to a 0.31% fall in the benchmark Nifty. The stock has fallen 25.93% in the last 12 months and 12.05% on a year-to-date basis.
Out of the six analysts tracking the company, three have a 'buy' rating on the stock and as many recommend 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 13.2%.
