NEW DELHI: State-owned RITES Ltd on Tuesday reported a marginal fall of 1.59 per cent in its consolidated net profit to Rs 136.67 crore for the March quarter on account of fall in revenues. It had posted a profit of Rs 138.89 crore for the year-ago interval, the corporate stated in an alternate submitting.
The firm’s complete revenue fell to Rs 667.68 crore within the January-March interval from Rs 705.63 crore in the identical interval a yr in the past.
Its bills had been at Rs 483.32 crore, down from Rs 514.17 crore in January-March FY23.
The board of the corporate has declared a dividend of Rs 5 for the monetary yr 2023-24.
RITES, underneath the Ministry of Railways, is a multidisciplinary engineering and consultancy organisation, offering a complete vary of providers from idea to commissioning in all aspects of transport infrastructure and associated applied sciences.
