RITES Q4 net profit marginally falls to Rs 137 crore


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.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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