RITES Limited has reported a steady performance in its Q3 results, delivering growth across key financial metrics on a year-on-year basis. The latest numbers highlight improved operational efficiency and margin expansion, even as revenue growth remained moderate.
During the quarter, RITES’ net profit increased by 2% year-on-year to ₹102 crore, compared with ₹100 crore in the corresponding quarter last year. The marginal rise in profit reflects stable execution and controlled costs despite a challenging operating environment.
Revenue for the quarter stood at ₹608.6 crore, marking a growth of 5.7% from ₹575.7 crore recorded in the same period last year. The improvement in topline indicates consistent order execution and steady demand across the company’s core consultancy and infrastructure-related services.
Operating performance showed a sharper improvement. EBITDA rose by a strong 21.5% year-on-year to ₹142.5 crore, up from ₹117.3 crore in Q3 of the previous year. This growth was significantly higher than revenue growth, pointing towards better cost management and higher operational leverage.
As a result, EBITDA margin expanded to 23.4% during the quarter, compared with 20.4% in the year-ago period.