Sunday, May 22, 2022

RITES declares interim dividend. Know here the record date

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New Delhi: The Board of Directors of RITES Limited, a Miniratna PSU and the leading infrastructure consultancy and engineering company, at its meeting held on Tuesday, has declared the third interim dividend 27.5 per share on face value of Rs 10 each amounting to Rs 180 crore (at the rate of 75 percent of paid-up capital).

The third interim dividend brings the company’s total dividend for FY’22 so far, to Rs 13.5 per share amounting to Rs 324 crore (at the rate of 135 percent of paid-up capital).

Standalone revenue of the company for the nine months of FY22 (9M FY22) has been Rs 1,896 crore and profit after tax has been Rs 367 crore.

The record date for the purpose of payment of dividend is March 25, 2022.

RITES posted a net profit (PAT) of Rs 144 crore in the third quarter (Q3) of FY’22 against Rs 105 crore in FY'21, registering a growth of 36.6 percent. The total revenue has gone up by 64.9 percent to Rs 792 crore against Rs 480 crore in Q3 FY21, while operational revenue has also gone up by 70.6 percent to Rs 775 crore. EBITDA up by 46.7 percent to Rs 195 crore with margin of 25.2 percent.

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