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RITES Limited, a Mini‑Ratna PSU under the Ministry of Railways, saw its shares rise approximately 3% after winning a consultancy contract in Guyana worth about $2.908 Million.
RITES has received a Letter of Acceptance from Guyana’s Ministry of Public Works to oversee the construction of the East Bank–East Coast Road Project, Phase 2, covering the Eccles–Providence section.
The contract is valued at $2.908 Million (₹24.1 Cr approx.)
The scope includes supervisory duties for an 18‑month construction period followed by a 12‑month defects liability phase.
Following the announcement, RITES stock climbed to around ₹310.75 on the BSE. The share price briefly touched ₹310.5 and marked gains following the news.
RITES reported a 3.4% rise in net profit for Q4 FY25, reaching ₹141.3 Crores compared to ₹136.7 Crores last year. However, revenue for the quarter fell by 4.3% to ₹615.4 Crores from ₹643 Crores.
The company’s order book has reached a record high of ₹8,877 Crores. More than half of this value is derived from non‑Railways contracts, reflecting a shift away from its traditional railway work.
Metric |
Latest Value |
|---|---|
Q4 Net Profit |
₹141.3 Crore (up 3.4% YoY) |
Q4 Revenue |
₹615.4 Crore (down 4.3% YoY) |
Order Book |
₹8,877 Crores (record high) |
Non‑Railways Order Share |
Over 50% |
RITES shares exhibit a one‑year beta of 1.4 and a Relative Strength Index near 67, showing the stock is neither overbought nor oversold. Despite recent gains, the price remains above most short‑ and mid‑term moving averages, though still under the 150‑day and 200‑day averages. The Government of India continues to hold a majority stake of 72.2%.
At its current pace, RITES is expanding from its core consulting strength across railway sectors to broader international and infrastructure domains.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Business Today — RITES shares gain on $2.9‑million contract win, https://www.businesstoday.in/markets/stocks/story/rites-shares-rise-contract-east-bank-east-coast-road-extension-guyana-479726-2025-06-10
Business Standard — Rites shares gain 3% on winning $2.9 million international order, https://www.business-standard.com/markets/news/rites-shares-gain-3-on-winning-2-9-million-international-order-125061000362_1.html
Economic Times Government — RITES reports ₹141 crore Q4 profit, clocks record order book of ₹8877 crore in FY25, https://government.economictimes.indiatimes.com/news/psu/rites-reports-141-crore-q4-profit-clocks-record-order-book-of-8877-crore-in-fy25/121166277
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Posted on 18 Aug
Geetanjali Lachke
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