RITES Q2 Results: Rahul Mithal On Profit Decline, Margins & Growth Outlook
Business Today · 05 Nov 2026 · 15 min
Management interview of RITES Ltd (RITES), with 9 key numbers discussed.
- Rahul Mithal, Chairman & Managing Director, RITES
RITES reported modest Q2 revenue growth as key milestones, including a Rs 75 cr Bangladesh export rake, slipped into Q3. Chairman and MD Rahul Mithal maintained the full-year guidance of double-digit top-line growth, with consolidated EBITDA margins at 20% and PAT margins at 15%. The order book stood at Rs 9,388 cr, with targeted growth towards Rs 10,000 cr over the next 2-3 quarters. Export revenue execution is set to pick up in H2 to deliver at least Rs 300 cr for FY27.