RITES Q2 Results: Bangladesh, Mozambique Exports To Drive Stronger H2 Growth | Buainess News
ET Now · 05 Nov 2026 · 5 min
Management interview of RITES Ltd (RITES), with 6 key numbers discussed.
- Rahul Mithal, CMD, RITES Ltd
RITES reported muted Q2 and H1 growth due to zero export contribution, after the first Bangladesh rake delivery slipped 10-12 days into Q3. CMD Rahul Mithal stated that FY27 double-digit revenue growth remains on track, driven by stepping up Bangladesh rake deliveries and Mozambique locomotive exports. The company was also declared L1 in a Rs 400 cr Sri Lanka tender for five DMU sets. Operating margins dipped 2% in H1 due to higher turnkey segment mix, but management guided that EBITDA margins will stay above 18-20% and PAT margin between 15-16%.