RITES approves final dividend of Rs 2.65 per share for FY'25

New Delhi: RITES Limited, a PSU under the Ministry of Railways, on Tuesday announced a dividend of Rs 2.65 per share as a final dividend for FY 2024-25.

The announcement was made during its 51st Annual General Meeting (AGM) held through video-conferencing and other audio video means (OAVM).

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This is in addition to the three interim dividends totalling Rs 4.90 per share that have already been paid during the year. The total dividend of Rs 363 crore (Rs 7.55 per share) attributable to the financial year takes RITES’ dividend payout ratio to 95.4 percent of the earnings. The record date for the final dividend payout is September 17.

In FY'25, RITES achieved consolidated revenue of Rs 2,324 crore, compared to Rs 2,539 crore in FY'24. Operating revenue, excluding other income, stood at Rs 2,218 crore, down from Rs 2,453 crore in FY'24. Despite headwinds, RITES remained resilient, reporting Profit After Tax of Rs 424 crore in FY'25, compared to Rs 495 crore in FY'24. While the consultancy business continued to be the largest contributor with revenue of Rs 1,133 crore, the turnkey and leasing segments recorded revenue of Rs 797 crore and Rs 150 crore, respectively.

While addressing the shareholders, RITES Limited's Chairman & Managing Director (CMD) Rahul Mithal said, “FY 2024-25 was not just a year of challenges, it was the year we reset, rebuilt, and reaffirmed our place in a rapidly evolving infrastructure world. Our journey ahead is about more than providing solutions, it’s about asking the questions that lead to lasting impact. Because we don’t just shape infrastructure, We Shape What Shapes Lives.”

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