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© 2025 RITES Ltd. All rights reserved We Shape What Shapes Lives Investor Presentation Q3FY26 4th Feb 2026
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Safe Harbor This presentation report is for distribution purpose only under such circumstances as may be permitted by applicable law. This presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular persons and does not constitute an offer, solicitation, invitation to offer or advertisement with respect to the purchase or sale of any securities of RITES Limited in any jurisdiction and no part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This presentation is not a complete description of the Company. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, except with respect to information concerning RITES’s past performance, its subsidiaries and affiliates, nor is it intended to be a complete statement or summary of the future proposals , strategies and projections referred to in the report. RITES shall not be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from this presentation report. This presentation may contain certain forward-looking statements relating to the Company’s future business, developments and economic performance.Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general Financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, etc. which could cause actual developments and results to differ materially from the statements made in this presentation. RITES reserves the right to alter, modify or otherwise change the presentation without notifying any person of such changes or revision. RITES assumes no obligation to update or keep current the information contained herein. whether as a result of new information, future events or otherwise. 2
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Content 3 Round-up 4 Financial Performance 6 Segmental Performance 11 Employee Productivity 17 Order Book 19 RITES | Financial Statements
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www.rites.com
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Q3FY26 at a Glance 5 One order a Day company “Added `1100+ crore of new orders (Incl. extension) during the Quarter 95.6% Dividend Payout “BoD recommended Interim Dividend of ₹ 1.90 per share MoU “with Botswana Govt. to modernise Railways and Transport Infra “with the Andhra Pradesh Economic Development Board (APEDB) to spur Infra Growth in Andhra Pradesh Highest Ever Order book at ₹ 9262 crore EBIDTA up by 18.9% “PBT & PAT up by 7.0% & 5.2% respectively
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@RITESLIMITED
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Performance During Q3FY26 576 614 609 635 Operating Revenue Total Revenue Consolidated Q3FY25 Q3FY26 +5.7% +3.4% 545 592 569 603 Operating Revenue Total Revenue Standalone +4.5% +1.9% ₹ in Crore 7 +7.4%+10.7% Q3 Vs Q2+9.6%+10.9% •Growth on account of better execution •2 Locomotives were supplied to Mozambique during the Q3FY26
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Performance During 9MFY26 •Increase in revenue from all other segments negated the impact of fall in turnkey revenue •Pick up is export income with beginning of locomotive supplies to Mozambique ₹ in Crore 8 1,509 1,621 1539 1,640 Operating Revenue Total Revenue Standalone +2.0% +1.2% 1,602 1,685 1647 1,726 Operating Revenue Total Revenue Consolidated 9MFY25 9MFY26 +2.8% +2.4%
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Profits for Q3FY26 *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income 123 144 109 145 154 115 EBITDA PBT PAT Consolidated Q3FY25 Q3FY26 +7.0% +5.2% +18.6% 90 123 95 107 125 96 EBITDA PBT PAT Standalone +0.5% +2.0% +18.3% •Profits increase due to increase revenue from all segments except turnkey. •Profit margins improved due to change in segmental mix with higher contribution from consultancy & exports ₹ in Crore 15.8%16.1%20.8%20.8%18.7%16.6%Margins18.1%17.8%24.3%23.4%23.9%21.3% 9
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Profits for 9MFY26 *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income •Increase in profits on account of increase in revenue in all segments except turnkey •Margins remained towards the higher range due to changed segmental mix ₹ in Crore 10 338 370 282 396 422 315 EBITDA PBT PAT Consolidated 9MFY25 9MFY26 +17.2% +14.0% +11.6% 248 317 246 291 347 264 EBITDA PBT PAT Standalone +7.6% +9.3%+17.2% 16.1%15.2%21.1%19.6%18.9%16.5%Margins18.3%16.8%24.5%22.0%24.1%21.1%
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RITES Ltd.
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Segmental Revenue – Q3FY26 (Standalone) Revenue Q3FY25 Q3FY26 Revenue ₹ in Crore Lease43 40+6.8% Turnkey172 223-22.8% Other Income34 47-28.2% Consultancy292 280+4.1% Export62 1+8278.4% 12 •Better execution/utilization led to increase in consultancy and leasing revenue •Exports saw supply of 2 locomotive to Mozambique •Turnkey has started showing uptick from this quarter •Other Income has decreased as Q3FY25 includes misc. income of 18 crore of insurance claim
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Segmental Profits – Q3FY26 (Standalone) ₹ in Crore Profits Q3FY25 Q3FY26 Consultancy Lease Export Turnkey Profits Margins Margins 1.3% 35.4% 34.3% 13.5% 34.1% 35.9% 8.1% 1.1% 103 15 8 2 96 14 0~ 3 +8.0% +2.2% +100% -13.7% 13 *Expenses of ₹37 crore (Q3FY26) & ₹ 37 crore (Q3FY25) are un-allocable expenses. ~ Export segmental profit_Q3FY25: ₹ +0.06 Crore. •Profit growth from all segments except turnkey •Margins remained range bound in all segments
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Segmental Revenue – 9MFY26 (Standalone) Revenue 9MFY25 9MFY26 Revenue ₹ in Crore Lease128 109 +17.6% Turnkey434 595 -27.1% Other Income101 112*-9.3% Consultancy 797+6.8% Export126 8 +1472.4% 14 851 •Better execution/utilization led to increase in consultancy and leasing revenue •Exports saw supply of 4 locomotive to Mozambique in 9MFY26 •Newly secured turnkey projects has now started generating revenue Q3FY26
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Segmental Profits – 9MFY26 (Standalone) ₹ in Crore Profits 9MFY25 9MFY26 Consultancy Lease Export Turnkey Profits Margins Margins 1.3% 33.5% 34.2% 11.0% 32.6% 35.3% 38.2% 1.2% 285 44 14 6 260 39 3 7 +9.8% +13.8% +352.6% -16.9% •Increased profits on account of better execution in consultancy, exports and increased leased locomotives •Margins remained range bound in all segments 15 *Expenses of ₹ 103.43 Crore (9MFY26) & ₹ 102.89 crore (9MFY25) are un-allocable expenses.
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34 35 30 26 19 43 46 36 36 27 Operating Revenue Total Revenue EBITDA PBT PAT Q3FY25 Q3FY26 +28.2% +41.1% +39.9% +30.1% +19.8% REMC Ltd Performance *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income ₹ in Crore 16 102 107 80 78 62 118 125 96 95 71 Operating Revenue Total Revenue EBITDA PBT PAT 9MFY25 9MFY26 +16.2% +15.1% +22.4% +17.1% +19.3% Q3FY26 9MFY26 •Consultancy saw increase in revenue during the quarter on account of consultancy fee on RTC tenders •Profits increase with better consultancy revenue from power procurement & consultancy fee
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@ritesltdindia
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Employee Productivity Senior Management with an avg. experience of 30+ years Experts in Engineering, Science, Finance, Economics etc. ~80% skilled engineers/ professionals Low attrition rate of 3.1%* in FY25 Mix of Regular, Deputation, Contract, Advisor, Consultant & Young Professionals No. of Employees Status 31.12.202430.09.202531.12.2025 175717501742Regular 393844Deputation 90510251083Contract 270128132869Total 0.65 0.94 0.98 0.92 0.84 0.59 0.58 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Revenue per Employee 0.14 0.18 0.20 0.17 0.14 0.09 0.09 FY21 FY22 FY23 FY24 FY25 9MFY25 9MFY26 Profit after Tax per Employee *Revenue and Profit per employee is on standalone basis, based on the average (quarterly) number of employees * For regular employees ₹ in Crore 18
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@RITESLtd
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Order Book *REMCL’s orders book is annualised based on the last quarter’s procurement contracts and wind power generation Projects secured during Q3FY26 ₹1141 Crore Consultancy ₹ 313 Crore Turnkey ₹ 440 Crore Lease ₹ 42 Crore Consultancy 30% Leasing 2% Exports 18% Turnkey 49% REMCL 1% Segment Break-up Nomination 39% Competition 61% Nomination vs Competition Order Book Split as on 31.12.2025 Order Book (as on 31.12.2025) ₹ 9,262 Crore Consultancy ₹ 2,739 Crore Exports ₹ 1,708 Crore Lease ₹ 163 Crore Turnkey ₹ 4,532 Crore REMC Ltd ₹ 120 Crore Order Book as on 31.12.2025 Projects Secured Spilt (New & extensions*) (During Q3FY26) Export ₹ 346 Crore 20
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Major Projects Secured – Q3FY26 ₹ in Crore Secured 140+ projects/contracts including extensions of ₹1,141 crore during the quarter Consultancy Expected Completion YrClientAmt.Project Scope 2027NTPC Ltd.15Biennial Maintenance Contract for MGR track at Sipat, Chhatisgarh 2027Damodar Valley Corp. ltd.15AMC for Railway Sidings tracks, O&M of S&T & operation of 25 KV OHE isolators & associated systems at Raghunathpur Thermal Power Station, West Bengal 2031 Indian Institute of Technology, Bhilai13Project Management Consultant for the Development, Execution, Supervision and Monitoring of Phase-B, Part-2 Construction works of IIT Bhilai, Chhattisgarh 2026Public Work Dept. Delhi 12Integrated Transit Corridor Development across Delhi 2027Ndalama Capital (Pty) Ltd.315Supply and commissioning of in-service cape gauge ALCO diesel electric locomotives, South Africa 2027NTPC Ltd.14Service Contract for Hiring of WDG3A diesel locomotives, Telangana 2028 National Institute of Mental Health & Neuro Sciences 373Project Management work for construction of OPD Building at National Institute of Mental Health & Neuro Science, Bangalore, Karnataka 2027Cochin International Airport Ltd.52Construction of Regulator cum Bridge (RCB) across Chengal thodu at Chengal, Kanjoor Panchayath near Cochin International Airport, Kerala Exports 21 LeasingTurnkey
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We Shape What Shapes Lives