RITES Ltd, an infrastructure, consultancy and engineering firm, on Tuesday reported a 2 per cent drop in net profit at Rs 129.97 crore for March quarter FY26 impacted by higher expenses. The company had posted a net profit of Rs 132.71 crore for the year-ago period. However, income during the January-March period rose to Rs 799.21 crore over Rs 625.81 crore in the year-ago period, RITES said in a filing to BSE. Expenses too increased to Rs 617.50 crore from Rs 434.76 crore. The board has recommended final dividend of Rs 2.75 per share for financial year 2025-26, subject to approval by shareholders. The company is into various segments including railways, metros, tunnels, bridge, urban engineering, sustainability and green mobility, airports and institutional buildings.
Stocks to Watch today, March 9, 2026: HDFC Life Insurance, Tata Power, GNFC, Avenue Supermarts, and Meesho are among the top stocks to remain in focus today
Stocks to buy: Axis Direct has recommended 'Buy' call on Kalpataru Projects International, RITES Ltd and Ahluwalia Contracts
Nitant Darekar of Bonanza believes that railway stocks present a compelling investment opportunity, and merit accumulation for investors seeking infrastructure exposure ahead of Budget 2026.
Rites share price surged on Wednesday as it expanded its African order book significantly with the latest Zimbabwe deal.
Railway stocks surged after the Indian Railways implemented a revised passenger fare structure which marks the second fare hike in the 2025-26 financial year
RITES shares rose after it received a LoA from Ndalama Capital (Pty) Ltd., South Africa, for the supply and commissioning of diesel-electric locomotives
Jupiter Wagons (JWL) surged 9% to ₹337.70 on the back of over four-fold jump in the average trading volumes; the stock has zoomed 30% in two days.
Stocks to Watch today, Dec 22: Varun Beverages, KEC International, PVR Inox, Rites, Tech M, and Crompton Greaves are some of the other stocks to watch today
Under the MoU, Botswana will draw upon Rites Limited's extensive technical expertise for the development and modernisation of railway systems
Under the MoU, Botswana will draw upon Rites Limited's extensive technical expertise for the development and modernisation of railway systems