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Business EconomyPosted at: Jul 28 2022 7:21PM


RITES PAT up 85.8 per cent at Rs 145 Cr

New Delhi, July 28 (UNI) RITES Ltd on Thursday reported 85.8 per cent rise in its profit after tax (PAT) to Rs 145 crore for the quarter ended June 30, 2022, against Rs 78 crore in the same period last fiscal.


Total revenue stood at Rs 637 crore against Rs 377 crore, up by 68.8 per cent, while operating revenue was Rs 605 crore against Rs 355 crore, up by 70.4 per cent.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was Rs 179 crore against Rs 97 crore.
Commenting on the results, Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Surging Ahead: Our performance in Q1 shows that RITES continues to be on the path of a V-shaped recovery in sync with the rebound of the economy.”
The Board of Directors declared an interim dividend of Rs 4 per share amounting Rs 96 crore for FY23 which is 40% of the paid-up capital.
UNI AKM GK
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Tags: #RITES PAT up 85.8 per cent at Rs 145 Cr
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