RITES Q4 profit drops 2 pc to Rs 130 cr

RITES Ltd reported a 2% drop in net profit to Rs 129.97 crore for the March quarter FY26 due to higher expenses, despite a 28% increase in income.

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.