Rites consolidated net profit declines 4.48% in the March 2024 quarter

Image
Last Updated : May 28 2024 | 4:05 PM IST

Sales decline 6.34% to Rs 643.25 crore

Net profit of Rites declined 4.48% to Rs 126.10 crore in the quarter ended March 2024 as against Rs 132.01 crore during the previous quarter ended March 2023. Sales declined 6.34% to Rs 643.25 crore in the quarter ended March 2024 as against Rs 686.81 crore during the previous quarter ended March 2023.

For the full year,net profit declined 15.98% to Rs 455.40 crore in the year ended March 2024 as against Rs 542.04 crore during the previous year ended March 2023. Sales declined 6.67% to Rs 2452.85 crore in the year ended March 2024 as against Rs 2628.27 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales643.25686.81 -6 2452.852628.27 -7 OPM %27.3627.85 -26.2628.34 - PBDT202.26207.76 -3 731.02840.61 -13 PBT186.69191.13 -2 670.36773.92 -13 NP126.10132.01 -4 455.40542.04 -16

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2024 | 3:31 PM IST

Next Story