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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
RITES Ltd

RITES Ltd Q2 FY27 Standalone Net Profit ₹94.35 crore; Declares ₹1.90 Interim Dividend

RESULTS ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 04:39 PM IST  ·  BSE ID: c9fa2327-2f31-4b01-aaf2-1072d286d36c
View Original BSE Filing (PDF)
💡
In Simple Terms
RITES reported its latest quarterly profit and declared a dividend of ₹1.90 per share.
🤖 AI Summary
  • Board approved standalone net profit of ₹94.35 crore for Q2 FY27 (quarter ended September 30, 2026).
  • A second interim dividend of ₹1.90 per share (19% of paid-up share capital) was declared for FY27.
  • Record date for the interim dividend is Wednesday, November 11, 2026; payment by December 03, 2026.
  • Proposal for a Joint Venture with NICC Infrastructure Construction LLC is not materializing.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
₹521.82 crore
1.56%
Profit After Tax (Q2 FY27 Standalone)
₹94.35 crore
-7.69%
Basic EPS (Q2 FY27 Standalone)
₹1.96
-8.00%
Interim Dividend per share (FY27)
₹1.90
🏢 How This Affects the Company
📈
Business Impact
The non-materialization of the JV with NICC Infrastructure Construction LLC indicates a change in the company's previously planned expansion or project strategy. The company is also initiating the closure process for its wholly-owned subsidiary RITES (Afrika) Proprietary Limited (RAPL) in Botswana.
💰
Financial Impact
RITES received an interim payment of ₹47.04 crore from the voluntary liquidation of Indian Railway Stations Development Corporation Limited (IRSDC). The declared interim dividend of ₹1.90 per share will result in a cash outflow for dividend payments by December 03, 2026.
⚙️
Operational Impact
The initiation of the closure process for RITES (Afrika) Proprietary Limited (RAPL) will streamline the company's international operations by discontinuing an overseas subsidiary.
⚠️
Risk Impact
Auditors noted that the number of Independent Directors on the Board is less than half of the total strength, which is not in compliance with Regulation 17(1) of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015.
👥 What This Means For Shareholders
✅
Action Required
Shareholders wishing to receive the second interim dividend must ensure their shares are held in their demat account by the record date, Wednesday, November 11, 2026.
👤
Who Is Affected
All shareholders holding RITES Ltd shares on the record date, November 11, 2026, are affected and will be eligible for the declared dividend of ₹1.90 per share.
🔍
Management Signal
The declaration of an interim dividend signals management's intent to return capital to shareholders. The decision to not proceed with the JV and to close a subsidiary indicates a strategic review of non-performing or non-materializing ventures.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — review operational revenue and profitability trends.
Updates on the closure process of RITES (Afrika) Proprietary Limited.
Any communication regarding the auditor's observation on Board composition compliance.
MEDIUM RISK Auditor-flagged non-compliance with board composition rules and non-materialization of a JV represent compliance and business development risks.
💡 Investor Takeaway
RITES Ltd reported standalone net profit of ₹94.35 crore for Q2 FY27 and declared a second interim dividend of ₹1.90 per share (19% of paid-up share capital) for FY27, with payment by December 03, 2026. The company also confirmed the non-materialization of a JV proposal with NICC Infrastructure Construction LLC.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone Net Profit of ₹94.35 crore reported for Q2 FY27 (quarter ended September 30, 2026).
  • Declaration of a second interim dividend of ₹1.90 per share for FY27, demonstrating capital return.

⚠️ Concerns

  • Auditors noted non-compliance with Regulation 17(1) regarding Independent Director composition on the Board.
  • Net profit after tax for the six months ended September 30, 2026 was ₹166.15 crore, a decrease from ₹168.87 crore for the six months ended September 30, 2025.
📅 Company Track Record
In Q1 FY27 (quarter ended June 30, 2026), RITES reported a standalone net profit of ₹71.80 crore and declared an interim dividend of ₹1.40 per share. This current Q2 FY27 dividend of ₹1.90 per share follows a prior interim dividend, showing a consistent pattern of capital distribution.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was RITES Ltd's standalone net profit for Q2 FY27?
RITES Ltd reported a standalone net profit after tax of ₹94.35 crore for the quarter ended September 30, 2026 (Q2 FY27).
What interim dividend did RITES Ltd declare for FY27?
RITES Ltd declared a second interim dividend of ₹1.90 per share (19% of paid-up share capital) for the Financial Year 2026-27.
When is the record date and payment date for RITES Ltd's interim dividend?
The record date for the interim dividend is Wednesday, November 11, 2026, and the dividend shall be paid on or before December 03, 2026.
What is the status of the RITES Ltd joint venture with NICC Infrastructure Construction LLC?
The proposal for the formation of a Joint Venture with NICC Infrastructure Construction LLC and capital contribution therein is not materializing.
What was RITES Ltd's Revenue from Operations for Q2 FY27?
RITES Ltd's Revenue from Operations for the quarter ended September 30, 2026 (Q2 FY27) was ₹521.82 crore.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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