Introduction:
PSU stock reported a decline in Q3FY25 revenue and profit margins, while securing ₹1,933 crore in new orders, achieving a record order book of ₹7,978 crore, and maintaining strong contributions from its Consultancy segment despite challenges.
Share Price movement of RITES :
On January 28, 2025, RITES Ltd opened at ₹258.45, reaching an intraday high of ₹258.90 and a low of ₹243.15. The stock closed at ₹248.50, down 2.40% from its previous close of ₹254.60, with a market cap of ₹11,943 crore.
RITES share Q3 Results:
RITES Limited reported Q3FY25 standalone revenue of ₹592 crore, down from ₹678 crore in Q3FY24, with EBITDA and PAT margins at 16.6% and 16.1%, respectively. The company declared a third interim dividend of ₹1.9 per share, totaling ₹91.31 crore.
For 9MFY25, consolidated revenue decreased to ₹1,685 crore from ₹1,871 crore in 9MFY24, attributed to lower exports, Quality Assurance, and consultancy abroad. EBITDA and PAT stood at ₹338 crore and ₹282 crore, reflecting a year-on-year decline in performance.
The Consultancy segment remained the largest revenue contributor at ₹280 crore with 34.1% margins. The company secured over 110 orders worth ₹1,933 crore in Q3FY25, achieving a record-high order book of ₹7,978 crore as of December 31, 2024.
Also Read: Stocks To Watch For Budget 2025
Recent news About RITES :
On November 25, 2024, RITES shares surged 12.6% after securing a ₹531.77 crore railway electrification project from Northeast Frontier Railway. With over 90 orders worth ₹729 crore in Q2, its order book reached ₹6,581 crore.
Stock performance of RITES for Period of 1 week, 6 months and 1 year:
RITES stock showed a 5.66% decline over the past week, reflecting short-term market pressures. Over the last six months, the stock dropped significantly by 30.3%, and the one-year performance also fell by 30.3%, indicating prolonged challenges in its valuation trends.
Also Read: Best Sectors To Watch For Budget 2025
Shareholding pattern of RITES :
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 72.2 | 72.2 | 72.2 |
| FII | 3.34 | 3.2 | 3.5 |
| DII | 8.83 | 9.63 | 10.78 |
| Retail & others | 15.63 | 14.95 | 13.5 |
About RITES :
RITES Limited (NSE: RITES), a leading government enterprise, specializes in transport infrastructure consultancy and engineering services. Established in 1974, it provides solutions in railways, highways, ports, and airports, with expertise in consultancy, leasing, turnkey projects, and export services worldwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
