RITES Ltda leading transport infrastructure consultancy, and NABCONS, the consultancy arm of NABARD, signed a memorandum of understanding (MoU) to jointly foster infrastructure and rural development across India and abroad.
This strategic alliance merges RITES’ expertise in engineering and urban transport planning with NABCONS’ proficiency in agriculture, natural resource management, and rural development.
The partnership aims to deliver integrated solutions in sectors such as rural infrastructure, agri-logistics, climate-resilient development, sustainable mobility, and smart cities. Both organisations will work together on capacity building, digital public infrastructure, AI- and IT-enabled services, and third-party inspection projects.
Water and irrigation systems are another area of collaboration, along with expanding opportunities globally through engagements funded by multilateral development banks and international agencies. The MoU is positioned to accelerate inclusive, future-ready growth while leveraging each entity’s strengths to address development challenges.
Q4 results
RITES posted a 3.4% year-on-year increase in net profit, reaching ₹141 crore in the fourth quarter. However, revenue declined 4.3% to ₹615 crore, down from ₹643 crore in the same period last year.
EBITDA rose 5.4% year-on-year to ₹185.5 crore, with operating margins expanding sharply by 564 basis points to 30%. This margin improvement indicates stronger operational efficiency despite a dip in topline.
The board declared a final dividend of ₹2.65 per share for FY25, reinforcing the company’s shareholder-friendly approach.
Shares of RITES Ltd ended lower on Wednesday (July 30) by 0.91% at ₹260.40 on NSE.
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