Friday, August 23, 2019
News

RITES reports 14 pc jump in Q1 net profit at Rs 93 crore

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Gurugram (Haryana) | August 13, 2019 6:11:26 PM IST
Government-owned transport infrastructure consultancy and engineering consultancy company RITES Ltd said on Tuesday its standalone profit after tax moved up by 14.5 per cent year-on-year to Rs 93 crore during the April to June quarter of current fiscal year.

The total revenue was up by 50 per cent to Rs 554 crore in the same period while operating revenue jumped 67 per cent to Rs 519 crore. Earnings per share stood at Rs 4.63 as compared to last year's Rs 4.05, up by 14.3 per cent.

"All our four segments have shown continuous growth in revenue and profitability. As a result, we have been able to maintain healthy sustainable margins," said Chairman and Managing Director Rajeev Mehrotra.

Consultancy business continued to provide the highest revenue to the company and achieved a revenue of Rs 233 crore, clocking a growth of 11 per cent over Q1FY19. Leasing business showed a growth of 24 per cent with revenue of Rs 29 crore.

Exports revenue stood at Rs 129 crore against Q1 FY19 exports of Rs 1 crore. The revenue from turnkey construction projects also increased by 68.6 per cent over Q1 FY19 to Rs 128 crore.

During Q1 FY20, gross order inflow was Rs 473 crore, taking the order book as on June 30 to Rs 6,052 crore.

With experience spanning over 45 years, RITES Ltd has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. It is the only export arm of Indian Railways for providing rolling stock overseas other than Thailand, Malaysia and Indonesia. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Dabur India arm acquires management cont...
SBI customers to continue getting 3 pc i...
Kia Motors India launches mid-segment SU...
INSA releases Joint Industry Guidance on...
Vodafone Idea launches 'TurboNet' 4G in ...
IndiGo to restart Delhi-Singapore flight...
More...
 
INDIA WORLD ASIA
Delhi Fire Services to conduct training ...
CBI to focus on all FIPB approvals given...
Aircel-Maxis case: Court extends protect...
TN: Coimbatore on alert after suspected ...
Kamal Nath gives details about farm loan...
Kerala police on high alert...
More...    
 
 Top Stories
Act on global cos abusing Indian fi... 
Look to middle everything even at t... 
Partial US troop pullout won't impa... 
People feel Jagan government settli... 
Kerala police on high alert after L... 
Fake news spread like wildfire afte... 
'Pak not serious about combating te... 
India diverting attention from Kash...