No.

RITES/SECY/NSE
Date: November 10, 2022
To: To:
Listing Department, Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited, Rotunda Building,
‘Exchange Plaza', C-1, Block G, Bandra - P J Towers, Dalal Street, Fort,
Kurla Complex, Bandra (E), Mumbai – 400 001
Mumbai - 400 051
Scrip Code- RITES Scrip Code- 541556

Sub: Press Release

Dear Sir/ Madam,

Please find enclosed herewith Investor Presentation on Financial Results of quarter and half
year ended 30th September, 2022 dated 10th November, 2022.

Kindly take the same on record.

Thanking You,

Yours faithfully,
For RITES Limited

Digitally signed by
JOSHIT RANJAN JOSHIT RANJAN SIKIDAR
SIKIDAR Date: 2022.11.10
16:19:15 +05'30'
Joshit Ranjan Sikidar
Company Secretary & Compliance Officer
Membership No.: A32442
 Investor Presentation
Financial Results: Q2FY23 & H1FY23

10th November, 2022

 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.

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Content

• Round-up of Q2 & H1FY23 4

• Financial Performance 6
• Segmental Performance 17
• Employee Productivity 24
• Order Book 26
RITES | Financial Statements www.rites.com
3
Round-Up Q2FY23 & H1FY23
 Key Highlights

1 H1FY23 Consolidated Revenue & PAT up by 13.3% & 12.9%

₹684 cr.
2 2nd Interim dividend of ₹4.5 per share

Q2FY23

3 Order book stands at ₹5008 crore as on 30th September’ 2022

₹637 cr.
4 Secured GC for Ahmedabad Metro ph-II & EPC work for Kollam Station

Q1FY23
5 Received USD 11.4 Million against exports dues to SLR in November’2022

5
Financial Performance Q2FY23 & H1FY23
 Performance During Q2FY23
₹ in Crore

+8.9% +7.5% Q2 Vs Q1 FY23 +9.2% +8.7%

Consultancy, Leasing, turnkey and REMC has shown growth during the quarter

Less exports during the quarter led to decrease in revenue

Sequential standalone & consolidated revenue has shown a growth of 8.7% & 7.5% respectively.
7
 Profits for Q2FY23
₹ in Crore

Margins remained range bound despite increase in low margin turnkey share in revenue
Less exports during the quarter led to decrease in profits

*EBITDA = PBT + Interest + Depreciation + Amortization – Other Income

8
 Performance During H1FY23
₹ in Crore

All segments except exports led to growth during the Half year
Consultancy, Leasing, Turnkey and REMC has shown growth

9
 Profits for H1FY23
₹ in Crore

Increase in profits on account of increase in consultancy and turnkey

Margins remained range bound

*EBITDA = PBT + Interest + Depreciation + Amortization – Other Income

10
Segmental Performance Q2FY23 & H1FY23
 Segmental Mix H1FY23
₹ in Crore

Consultancy remained the highest revenue and profit earning segment

Steadily increasing share of Foreign consultancy

12
 Segmental Growth – Q2FY23 (Standalone)
₹ in Crore

Q2FY23 279 36 79 239 31

Revenue 11.2% 8.9% -77.5% 117% 36.0%
Q2FY22 251 33 351 110 23

Consultancy Lease Export Turnkey Other Income

Consultancy, lease, turnkey has shown growth on account of higher execution during the quarter
Exports has shown a dip as less exports were scheduled for this quarter
Turnkey has shown significant growth on account of kicking off phase 2 of turnkey works
Sequential decrease in Foreign consultancy is on account of some projects not reaching their billing stages
Increase in Other Income is mainly attributable to increase in exchange variations earnings & dividend from REMC
13
 Segmental Growth – Q2FY23 (Standalone)
₹ in Crore

Profit Margins* 43.7% 36.3% 22.8% 3.6%

122 13 18 9
Q2FY23
Profits 10.9% 3.7% -81.6% 337%

Q2FY22 110 12 98 2

Consultancy Lease Exports Turnkey

Profit Margins* 43.9% 38.1% 27.8% 1.8%

Margins in all segments remained range bound

Exports profit and margins has shown a dip as less exports were scheduled for this quarter
Turnkey profits & margins has shown significant growth on account of kicking off phase 2 of turnkey works

*Profit Margins don’t include un-allocable expenses

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 Segmental Growth – H1FY23 (Standalone)
₹ in Crore

H1FY23 563 69 159 419 63

Revenue 23.5% 6.6% -54.8% 105% 26.7%
H1FY22 455 65 352 205 49

Consultancy Lease Export Turnkey Other Income

Consultancy, lease, turnkey has shown growth on account of higher execution during the quarter
Exports revenue decrease due to less exports scheduled for the H1
Focus on foreign consultancy revenue has led to higher growth in consultancy
Increase in other income can be mainly attributed to increase in exchange variations earnings

15
 Segmental Growth – H1FY23 (Standalone)
₹ in Crore

Profit Margins* 44.5% 38.6% 24.1% 3.7%

250 27 38 16
H1FY23
Profits 29.1% 3.4% -59.0% 293%

H1FY22 193 26 94 4

Consultancy Lease Exports Turnkey

Profit Margins* 42.5% 39.8% 26.6% 1.9%

Margins in all segments remained range bound

Exports’ profit has shown a dip, however margins were maintained
Turnkey profits & margins has shown significant growth on account of kicking off phase 2 of turnkey works

*Profit Margins don’t include un-allocable expenses

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 REMC Ltd Performance-Q2FY23
₹ in Crore

Healthy performance on account of energy management activities in both quarter of H1FY23

Profit margins remained healthy during the period

*EBITDA = PBT + Interest + Depreciation + Amortization – Other Income

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Employee Productivity 18
 Employee Productivity
₹ in Crore
Continuous rationalization of manpower to
improve productivity
Senior Management with an avg. experience
of 30+ years
Experts in Engineering, Science, Finance,
Economics etc. with a mix of regular,
deputationists and contract employees
Approx 1,400 regular skilled engineers/
professionals

No. of Employees
Status
30.09.2022 30.06.2022 30.09.2021
Regular 1760 1810 1893
Deputation 87 103 134

Contract 809 842 898

Total 2656 2755 2925

*Revenue and Profit per employee is on standalone basis 19

Order Book 20
 Order Book

Order Book
(as on 30.09.2022)

₹ 5,008 Crore

Consultancy Exports Lease Turnkey REMC Ltd

₹ 2,465 Crore ₹ 277 Crore ₹ 185 Crore ₹ 1,981 Crore ₹ 100 Crore

* Order book doesn’t include the recently secured EPC order from BMRCL of ₹ 250
** REMCL’s orders book is annualised based on the last quarter’s procurement contracts and wind power generation
21
 Major Projects Secured – Q2FY23
₹ in Crore
RITES secured more than 70 projects/contracts including extensions of more than ₹440 crore during Q2FY23.

Expected
Project Scope Amount Client Completion
Year
Turnkey

EPC- Redevelopment Kollam Railway Station 164 Indian Railways 2025

General Engineering Consultant for Ahmedabad Gujarat Metro Rail Corporation (GMRC)
42 2025
Metro Rail Project, Phase-II Limited
Consultancy

Operation & Maintenance of Rolling Stock 19 NTPC 2024

Detailed Design Engineering consultancy for 8 Central Railways 2023

yard remodelling work at Kalyan station

RTRS Track Alignment & Maintenance 6 TBRL 2025

Leasing

Lease of Locomotive 6 RCFL 2025

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