RITES’ shares climbed 2.32% to ₹207.95 on the NSE after the company disclosed that the cost of its Bidar‑Kalaburagi electrification contract has been raised to ₹154.65 crore from ₹97.96 crore, a 58% jump.
The revised figure, reported in the company’s BSE filing, reflects the total cost‑plus turnkey value of the 110‑km project, including RITES’ consultancy fees. It is an on‑the‑money order from South Central Railway, and the company said it is still in progress.
RITES’ Chairman‑MD Rahul Mithal said the order book remains relatively young, with projects spread over three to four years, yet the firm has already secured 128 orders in the latest quarter. He added that the book is expected to cross ₹10,000 crore in the coming quarters, up from the current ₹9,450 crore.
Q1 FY27 data show revenue at ₹532 crore, up 8.6% YoY, and net profit at ₹98 crore, a 7.7% rise. EBITDA stayed flat at ₹114 crore, while the operating margin slipped to 21.5% from 23.4% last year.
Looking ahead, RITES is poised to benefit from the government’s ₹20,800 crore allocation for multitracking projects across nine states, potentially opening new contracts. The company’s focus on early‑stage project work and execution could translate into the projected FY28 revenue and profit surge as projects move into the execution phase.