Business Standard

RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%

EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore

Q1 results

Illustration: Ajay Mohanty

Dhruvaksh Saha New Delhi
The Indian Railways’ export arm and infrastructure consultancy RITES Ltd declared its April-June quarter results for 2022-23 (Q1FY23), where the company’s profit after tax grew 85.8 per cent to Rs 145 crore.

Operating revenue, excluding other income, is up by 70.4 per cent at Rs 605 crore in Q1FY23 as against Rs 355 crore in Q1FY22. Total revenue was Rs 637 crore as against Rs 377 crore in Q1FY22. The increase in the total revenue was supported by continued momentum across all sectors and disciplined execution, a company statement said, adding that this is RITES' highest ever operating revenue in the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2022 | 1:52 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to