RITES Ltd

📊 RITES Ltd Q3 FY26: Order Book Hits Record ₹9,262 Cr, Aims for ₹10,000 Cr by Q1 FY27

• 143 new orders totaling ₹1,140 crore in Q3 FY26

• Export orders reached ₹350 crore in Q3; total export order book at ₹1,700 crore as of December 31, 2025

• Additional ₹180 crore export order secured in January 2026

• Order book hit all-time high of ₹9,262 crore

• Target to reach ₹10,000 crore order book by Q1 FY27

• Bangladesh coach order worth ₹900 crore execution to begin in FY27

• Double-digit growth targeted from Q4 FY26 onwards in turnkey segment

• FY27 projected as year of 'disruptive growth' across consultancy, export, and turnkey segments

• QA business aiming to return to FY23-24 revenue levels with growth expected in FY27

• Sequential growth of 10% in operating revenue

• EBITDA margins at 24% and PAT margins at 18%

• Export margins stabilized around 13-14%, down from historical levels of 25%

• Turnkey segment margins were low at 1.3%

• Company maintains red lines of 20% EBITDA margin and 15% PAT margin