Rajeev Mehrotra, chairman and managing director of Rites spoke to CNBC-TV18 about the results and the company's outlook.

“FY18 saw about 22 percent rise in our consulting income which is our highest contributor in the overall profitability. So this has given higher profitability in last year,” Mehrotra said.

“Our order book also has about 43 percent consulting orders which would get executed in next one to one and a half years. So it is safe to believe that in FY19, about 50-55 percent revenue would still come from consulting. That means the margins would be maintainable,” he added.

“I am very optimistic, normally we try to exceed the MoU target. There is enough indication on this and the order book itself is indicating that we would be able to achieve 22 percent in FY19,” said Mehrotra.

Speaking about export business, he said, “There is definitely a revival. Already two major export orders we have in hand. Rs 680 crore orders we have already reported to market in March, last week we got one major export order of Rs 567 crore. So put together, the export orders about Rs 1,270 crore are in hand.”