RITES shares jumped nearly 7% after announcing a ₹37.81 crore Tumakuru station redevelopment order and a $3.6 million locomotive export order.
India's key stock indices, the Nifty 50 and the Sensex, declined by 0.2% in Wednesday's trade. The broader market sentiment was weighed down by losses in financial stocks, with the Nifty Financial Services index falling 0.7%. This marked a continued pullback from record highs achieved last Friday.
RITES share price was trading with significant gains on July 2, 2025. The surge in the share price was driven by the announcement of new orders received by the company.
RITES Limited, a government-owned engineering and consultancy company, has announced two major orders—one in India and another overseas.
On July 1, 2025, RITES said that its joint venture with Aryan JV (RITES-Aryan JV) has received a Letter of Award from South Western Railway for redeveloping Tumakuru Railway Station in Karnataka. The project includes civil, signalling, telecom, and electrical work.
RITES' share in the project is valued at ₹37.81 crore (excluding GST), and the work is scheduled to be completed in 540 days. This order is considered a related party transaction between a government company and a government department and is carried out at arm’s length.
In a separate announcement, RITES disclosed it has bagged an export order worth $3.6 million from African Rail Company. Under this deal, RITES will supply and commission two fully overhauled ALCO diesel-electric locomotives to be used in Zimbabwe, Mozambique, and Botswana. These locomotives will be upgraded with new parts and systems, and the company will also provide warranty and technical support. The project will be completed within nine months.
As of March 2025, the company has a total order book of ₹8,877 crore - highest ever order book.
In the March 2025 quarter, the company reported a consolidated 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. Profits increase on account of better execution mainly in consultancy segment.
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 Wednesday, July 2, the stock has seen an intraday high of ₹299.80 and is trading significantly up from its yesterday’s close of ₹279.05. As of July 10, 2025, at approximately 12:49 pm IST, the stock is trading at ₹296.15, up by 6.06%, recording the highest intraday gains in a month.
On a YTD basis, the stock is up by 1.39% while in the last month it has gained 6.88%. During the last 12 months, the stock price has declined by 14.56%. In the longer term of 5 years, the stock has surged by 144.71%.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only