By Enersider Desk | New Delhi
RITES Limited has signed a Memorandum of Understanding with the Andhra Pradesh Economic Development Board to provide consultancy services to facilitate investments in infrastructure and industrial development across infrastructure consultancy domains in Andhra Pradesh.
These include feasibility studies, Detailed Project Reports (DPRs), Project Management Consultancy, Bid Management, and Third Party Inspection & audit services.
The collaboration spans a wide range of sectors such as transport systems, ports, waterways, power, water and wastewater, buildings, and industrial infrastructure, among others.
Additionally, the company reported a 32.24% year-on-year rise in consolidated net profit at ₹109 crore for the September quarter, compared with ₹82.5 crore in the year-ago period. The company’s profit margins stood at 18.8%, driven by an uptick in its consultancy and export segments.
Consolidated operating revenue for the quarter stood at ₹549 crore, up 1.5% from ₹541 crore in the corresponding period last year, while total revenue was ₹579 crore. EBITDA rose 24.7% to ₹134 crore, with margins at 24.4%.
The firm also declared a second interim dividend of ₹2 per share, amounting to ₹96 crore, with a payout ratio of 94%. The record date for the dividend is November 15, 2025.
Rail India Technical and Economic Service (RITES) Limited is a transport infrastructure consultancy and engineering firm under the Railway Ministry, having diversified services and geographical reach.
The company has an experience spanning more than 5 decades and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region.
Andhra Pradesh Economic Development Board serves as the state’s premier agency for promoting investments and enabling ease of doing business.
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