RITES Q4FY24 results: Net profit marginally declines to Rs 137 crore

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

1 min read Last Updated : May 28 2024 | 3:18 PM IST

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 period, the company said in an exchange filing.

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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RITES Q4FY24 results: Net profit marginally declines to Rs 137 crore

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