A leader in the Indian engineering and transportation consulting industries with a wide range of services, RITES Ltd is a government sector organisation. The business is the only branch of Indian Railways that exports rolling stock.
Financial Results:
Rites Limited increased their net profit from Q3FY22’s Rs. 144 Cr. to Rs. 147 Cr. in Q3FY23. According to the corporation, overall revenue is now Rs. 703 Cr., down from Rs. 792 Cr. in Q3FY22.
In comparison to Q3FY22, when the consolidated EBITDA was 195 crore, it slightly decreased to 194 crore in Q3FY23. EBITDA margin, however, increased to 28.6 percent in Q3FY23 from 25.2 percent recorded in the same period the year before.
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