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Earnings Call Transcript

Rites Earnings Call Transcript: Key Takeaways

Q2 was muted: revenue milestones slipped 10-15 days into Q3, hitting top and bottom line. Management reiterates FY27 double-digit revenue growth and margin red lines, with no quantified Q2 numbers given.

RITES Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthQ2 ~1.5% YoY, H1 ~5% (analyst figures); Q2 turnkey-led, zero exports.
MarginsH1 console EBITDA 22%; red line 18-20%; no return to 25%+.
Order bookTurnkey ~₹4,500 Cr (cost-plus, PMC-style); 60%+ book competitive; ₹10,000 Cr target.
Demand visibilityOrder inflow ~1 order/day; ~70% of fresh inflow competitive.
Management confidenceDefensive-optimistic: reiterates guidance despite muted Q2, few specifics.

Growth

Q2 revenue ~1.5% YoY, H1 ~5% (analyst figures, not rebutted); Q2 turnkey +~₹70 Cr, exports nil.

Outlook

Management reiterates FY27 double-digit top-line growth (unquantified), EBITDA red line 18-20%, PAT 15-16%, order book target ₹10,000 Cr.

Risks

Export slippage (Bangladesh first rake ~10-12 days late); pay-commission provision from Q4, unquantified; mix-driven margin dilution.

Source

Earnings Call Transcript filed with NSE, NSE: RITES. Summary written with AI assistance from the document.

Read the document ↗

Rites Ltd: key numbers

Share price
₹194.72
Market cap
₹9,358 Cr
Revenue (annual)
₹2,415 Cr
Net profit (annual)
₹410.3 Cr
P/E (TTM)
22.6×Sector 33.4×
Promoter holding
72.20%+0.00% QoQ
FII holding
3.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
₹400.0 Cr
From
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Execution
12 months from opening of LC