RITES Q4 net profit marginally falls to Rs 137 crore

New Delhi: State-owned RITES Limited on Tuesday reported a marginal fall of 1.59 percent 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 period, the company said in an exchange filing.

PSU Watch is now on Whatsapp Channels. Click here to join

The company's total income fell to Rs 667.68 crore in the January-March period from Rs 705.63 crore in the same period a year ago.

Its expenses were at Rs 483.32 crore, down from Rs 514.17 crore in January-March FY23.

The board of the company has declared a dividend of Rs 5 for the financial year 2023-24.

RITES, under the Ministry of Railways, is a multidisciplinary engineering and consultancy organisation, providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)