RITES Reports ₹1.33 Billion Profit in March Quarter, Declares ₹2.65 Dividend

RITES Ltd has announced its financial results for the March quarter, reporting a consolidated net profit of ₹1.33 billion. The company also recorded revenue from operations of ₹6.15 billion, reflecting steady business performance. In line with its commitment to shareholder returns, RITES has declared a dividend of ₹2.65 per share.  

 

Quarterly Financial Performance:  

- The company posted a consolidated net profit of ₹1.33 billion, demonstrating stable earnings and operational efficiency.  

- Revenue from operations stood at ₹6.15 billion, indicating sustained market demand and business momentum.  

- The financial results highlight RITES’ ability to navigate industry challenges while maintaining profitability.  

 

Dividend Announcement and Market Outlook:  

- RITES has approved a dividend of ₹2.65 per share, reinforcing its commitment to rewarding shareholders.  

- The payout is expected to enhance investor confidence and strengthen market positioning.  

- Analysts view this move as a reflection of the company’s strong cash flow and financial stability.  

 

Sources: CNBC TV18, Moneycontrol, Zee Business