RITES Dividend Alert! Rs 2.65 Payout Fixed – 17th Sept Record Date: Buy, Hold Or Sell?

Since the corporation has set September 17, 2025, as the record date for its final dividend for FY25, Navratna PSU RITES Ltd will be closely watched. Navratna RITES is Rail India Technical and Economic Service, a Schedule 'A' Central Public Sector Enterprise (CPSE) under India's Ministry of Railways. Dividend hunters are likely to show a great deal of interest in the shares prior to the record date. Investors will closely monitor trading volumes and price activity in the upcoming sessions to determine near-term possibilities because of RITES' solid fundamentals and consistent dividend track record.

RITES Final Dividend For FY25

The Board of Directors "Recommended Final Dividend of Rs. 2.65/- per share (i.e. 26.50%) on 48,06,03,774 equity shares of face value of Rs. 10 /- each of the Company for the financial year 2024-25, subject to approval of the same by shareholders in the ensuing 51st Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed thereunder," said RITES in a stock exchange filing in May.

The 51st Annual General Meeting of the company will be held on Tuesday, 23rd September, 2025.

"The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, 17th September, 2025 to Tuesday, 23rd September, 2025 (both days inclusive) for the purpose of Annual General Meeting," as per RITES.

RITES Final Dividend Record Date

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Company has fixed Wednesday, 17th September, 2025 as Record Date for payment of Final Dividend, if approved at the Annual General Meeting for FY 2024-25," RITES confirmed in a regulatory filing on August 20.

RITES Q1FY26 Financials

The financial results for the quarter that ended on June 30, 2025, have been released by RITES Ltd. RITES' operating revenue (consolidated) increased slightly by 0.8% to Rs 490 crore in Q1FY26 from Rs 486 crore in Q1FY25. Compared to Q1FY25's revenue of Rs 508 crore, total revenue was Rs 512 crore. With margins of 23.8% and 17.8%, respectively, EBITDA and net profit for Q1FY26 were Rs 117 crore and Rs 91 crore, up 7.9% and 0.5% from Q1FY25.

In Q1FY26, the company won over 150 orders, including extensions of work for over Rs 451 crore. As of June 30th, 2025, the order book was Rs 8790 crore.

RITES Target Price

"RITES is consolidating with support placed at ₹248. Sustaining above this zone could lead to a rebound toward ₹265-₹275. Momentum is gradually turning positive, signalling potential recovery. A close above ₹275 would confirm a stronger uptrend, while ₹245 should be maintained as a strict stop-loss by positional traders," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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