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).
Financial Results:
Rites Ltd reported Revenues for Q2FY24 of ₹582.00 Crores down from ₹659.00 Crore year on year, a fall of 11.68%.
Total Expenses for Q2FY24 of ₹460.00 Crores down from ₹496.00 Crores year on year, a fall of 7.26%.
Consolidated Net Profit of ₹110.00 Crores down 21.43% from ₹140.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹4.21, down 23.59% from ₹5.51 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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