RITES Reports Mixed Q2FY27 Earnings | CNBC TV18
CNBC-TV18 · 05 Nov 2026 · 6 min
Management interview of RITES Ltd (RITES), with 10 key numbers discussed.
- Rahul Mithal, CMD, RITES
RITES reported a subdued Q2FY27 as key revenue milestones, including a Bangladesh export rake of over Rs 70 cr, slid into Q3. CMD Rahul Mithal reiterated full-year guidance for double-digit revenue growth alongside 20% EBITDA and 15% PAT margins. Order intake remained strong with 130+ orders worth Rs 450 cr in Q2 and L1 status for a Rs 400 cr Sri Lanka project, keeping the Rs 10,000 cr order book target on track. The Rs 300 cr export target for FY27 remains intact as subsequent dispatches line up, while receivables fell by over Rs 100 cr in H1.