RITES secured a ₹2.9 million international order from Guyana, boosting short-term investor sentiment. On a YTD basis, the stock is up by 3.13% while in the last month it has gained 42.05%.
The share price of RITES was trading with significant gains on June 10, 2025. The surge in the share price was driven by the announcement of a new contract received by the company.
On Tuesday, June 10, the stock has seen an intraday high of ₹310.55 and is trading significantly up from its yesterday’s close of ₹302.25. As of today, June 10, 2025, at approximately 2:27 pm IST, the stock is trading at ₹301.10, down by 0.38%.
RITES Limited announced on June 10, 2025, that it has secured a major international order from the Ministry of Public Works, the Co-operative Republic of Guyana. The order involves "Construction Supervision for the extension of East Bank- East Coast Road Project Phase 2 (Eccles to Providence)," including additional work for an existing assignment. This Letter of Acceptance (LOA) was received by RITES, an international entity. The total consideration for this order is USD 2,908,824.5, excluding taxes. The project has a time period of 18 months for construction supervision, followed by a 12-month defects liability period.
As of March 2025, the company has a total order book of ₹8,877 crore.
In the March 2025 quarter, the company reported a revenue from operations of ₹615.13 crore, marking a year-on-year decline of 4.37% compared to ₹643.25 crore in March 2024. However, profit after tax (PAT) for the quarter rose by 4.87% to ₹141.33 crore, up from ₹136.67 crore in the same period last year, indicating improved profitability despite lower revenue.
For the full financial year ended March 2025, revenue from operations stood at ₹2,217.81 crore, reflecting a 9.61% drop from ₹2,452.85 crore in the previous year. The annual profit after tax declined by 14.44% to ₹423.66 crore, compared to ₹495.20 crore in FY24, suggesting pressure on annual earnings performance.
RITES Limited, a Schedule 'A' Enterprise of the Government of India, is a multi-disciplinary consultancy organisation in the field of transport infrastructure. It provides a comprehensive array of services from concept to commissioning in sectors such as railways, highways, airports, ports, urban engineering, and more. The company is involved in various stages of projects, including feasibility studies, design, engineering, supervision, and project management.
On a YTD basis, the stock is up by 3.13% while in the last month it has gained 42.05%. During the last 12 months, the stock price has declined by 8.60%. In the longer term of 5 years, the stock has surged by 142.52%.
Disclaimer: The article is for informational purposes only and not investment advice.
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