Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
- Rites Ltd reported Total revenue for Q4 FY23 of ₹687 Crore, down from ₹766 Crore year on year depicting a decline of 10%.
- Total Expenses for Q4 FY23 of ₹496 Crore down, from ₹562 Crore year on year, a decline of 12%.
- Consolidated Net Profit of ₹139 Crore, down 2% from ₹142 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹5.49, down 4% from ₹5.69 in the same quarter of the previous year.
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