RITES Ltd

Rites has received Letter of Acceptance (LOA) for 'Construction Supervision for the extension of East Bank- East Coast Road Project Phase 2 (Eccles to Providence)' including additional work for existing assignment from Ministry of Public Works, the Co-operative Republic of Guyana. The value of the project is USD  2,908,824.5 (excluding taxes). Powered by Capital Market - Live

Under the contract, RITES will provide construction supervision for the extension of the East Bank-East Coast Road Project Phase 2 (Eccles to Providence), which also includes additional work for an existing assignment. The project is slated for completion within 18 months of construction supervision, followed by a 12-month defects liability period. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2025, the Government of India held 72.20% stake in the company. The scrip rose 0.94% to currently trade at Rs 305.10 on the BSE. Powered by Capital Market - Live

RITES rose 1.22% to Rs 303.70, while Hindustan Copper advanced 1.31% on the BSE. The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations. The collaboration includes participation in mineral block auctions and development of mining infrastructure. As part of the MoU, RITES will provide end-to-end consultancy and logistics solutions, including project planning, transport infrastructure development, multimodal transport planning, and rolling stock support, to strengthen HCL's mining operations. Hindustan Copper is a central public sector undertaking under the administrative control of Ministry of Mines, Government of India, is primarily engaged in the business of mining and processing of copper ore into Metal-In-Concentrate (MIC), RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reachPowered by Capital Market - Live

Rites signed a Memorandum of Understanding (MoU) with Hindustan Copper (HCL), a CPSE under the Ministry of Mines, to jointly develop a rapid, reliable, and sustainable supply chain of metals and minerals, including critical minerals in India and overseas. The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations. The collaboration includes participation in mineral block auctions and development of mining infrastructure. As part of the MoU, RITES will provide end-to-end consultancy and logistics solutions, including project planning, transport infrastructure development, multimodal transport planning, and rolling stock support, to strengthen HCL's mining operations. This strategic partnership aims to build an integrated, self-reliant mineral value chain that supports India's critical mineral security, fosters sustainable growth, and strengthens the nation's economic resilience. Powered by Capital Market - Live

The tender is for the appointment of a Third-Party Inspection (TPI) agency for Water Supply, Underground Drainage, and Sewage Treatment Plant (WSS/UGD/STP) projects under the Amrut 2.0/SJMMSVY schemes, managed by GUDC for Urban Local Bodies (ULBs) of Gujarat. This project is slated for completion within 60 months from the date of the letter of award (LoA) or Notice to Proceed (NTP). 'The order is subject to award after the due process of scrutiny and overall evaluation (technical and financial) by the Gujarat Urban Development Company Limited as per the requisite requirements mentioned in the tender documents,' RITES said in a statement. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2025, the Government of India held 72.20% stake in the company. The company's consolidated net profit jumped 29.19% to Rs 141.33 crore in Q4 FY25 as against Rs 109.39 crore posted in Q3 FY25. Revenue from operations rose 6.89% to Rs 615.43 crore in the quarter ended 31 March 2025 from Rs 575.76 crore posted in Q3 FY25. The scrip rose 0.91% to currently trade at Rs 281.70 on the BSE. Powered by Capital Market - Live

RITES is the lowest bidder (L-1) in the financial bid of the QCBS tender floated by Gujarat Urban Development Company for 'Appointment of TPI agency for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY under GUDC for ULBs of Gujarat'. The order is subject to award after the due process of scrutiny and overall evaluation (technical and financial) by the Gujarat Urban Development Company as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is Rs. 28.50 crore excluding GST.Powered by Capital Market - Live

Net profit of Rites rose 5.24% to Rs 132.71 crore in the quarter ended March 2025 as against Rs 126.10 crore during the previous quarter ended March 2024. Sales declined 4.32% to Rs 615.43 crore in the quarter ended March 2025 as against Rs 643.25 crore during the previous quarter ended March 2024. For the full year,net profit declined 15.50% to Rs 384.80 crore in the year ended March 2025 as against Rs 455.40 crore during the previous year ended March 2024. Sales declined 9.58% to Rs 2217.81 crore in the year ended March 2025 as against Rs 2452.85 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales615.43643.25 -4 2217.812452.85 -10 OPM %30.1627.36 -23.2226.26 - PBDT211.54202.26 5 627.14731.02 -14 PBT194.75186.69 4 565.02670.36 -16 NP132.71126.10 5 384.80455.40 -16 Powered by Capital Market - Live

Revenue from operations rose 6.89% to Rs 615.43 crore in the quarter ended 31 March 2025 from Rs 575.76 crore posted in Q3 FY25. On a year-on-year basis, the company's net profit rose 3.40% from Rs 136.67 crore in Q4 FY24, while revenue from operations declined by 4.32% from Rs 615.43 in Q4 FY24. Profit before tax grew by 4.31% year on year (YoY) to Rs 194.75 crore during the fourth quarter of FY25. Total expenses declined by 7.32% YoY to Rs 447.90 crore in Q4 FY25, primarily due to a reduction in inventory costs, with changes in inventories of stock-in-trade reported at a negative Rs 52.37 crore. Supplies and services expenses stood at Rs 251.06 crore, registering a 14.14% YoY decline. While Employee benefits expense rose slightly by 2.08% YoY to Rs 126.85 crore during the quarter. On a full-year basis, the company's consolidated net profit fell 14.44% to Rs 423.66 crore, on a 9.58% decrease in revenue to Rs 2,217.81 crore in FY25 over FY24. Meanwhile, the company's board has recommended a final dividend of Rs 2.65 per share for the financial year 2024-25, subject to approval of the same by shareholders in the ensuing 51st Annual General Meeting of the company. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2025, the Government of India held 72.20% stake in the company. Powered by Capital Market - Live

RITES announced that the Board of Directors of the Company at its meeting held on 14 May 2025, inter alia, have recommended the final dividend of Rs 2.65 per equity Share (i.e. 26.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

The Board of Rites at its meeting held on 14 May 2025 has approved the appointment of Rajbir Sharma as an Additional Director (Independent Director) on the Board of the Company for a period of three years w.e.f. 14 May 2025. Powered by Capital Market - Live