Dividend Stock: Railway PSU Announces Final Dividend For FY25, Shares Rally 5%
Railway PSU shares experienced a rally of 5 per cent intraday on Wednesday to touch the day's high at Rs 245.70 apiece.
RITES Q4 Results FY2024-25, RITES Share Price: RITES Limited, a Railway PSU, on Wednesday, reported that its PAT (Profit After Tax) stood at Rs 134.41 crore in Q4 FY25, up 9.2 per cent YoY from Rs 123.07 crore in Q4 FY24. The total income, however, declined marginally by 2.6 per cent YoY to Rs 622.65 crore in Q4 FY25, against Rs 639.16 crore in Q4 FY24.
RITES Limited's shares experienced a rally of 5 per cent intraday on Wednesday to touch the day's high at Rs 245.70 apiece. The scrip opened flat at Rs 233.11 apiece.
RITES Limited's EPS grew by 9.4 per cent to Rs 2.80 in Q4 FY25, from Rs 2.56 in Q4 FY24.
RITES Final Dividend 2025
Along with Q4 results, RITES Limited's board recommended a final dividend of Rs. 2.65/- per share (i.e. 26.50%) on 48,06,03,774 equity shares of face value of Rs. 10 /- each of the Company for the financial year 2024-25, subject to approval of the same by shareholders in the ensuing 51st Annual General Meeting of the Company. Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed there under.
Total income grew 5.2% to Rs 622.6 crore. Profit before tax rose sharply by 48% to Rs 181.8 crore, while profit after tax increased 41.4% to Rs 134.4 crore. EPS stood at Rs 2.80, up from Rs 1.98 in the previous quarter.
Over the past week, the price gained Rs 20.00, a change of 8.98%, compared to a 0.47% change in Sensex and a 7.24% change in BSE Industrials. In the past two weeks, the price increased by Rs 17.50 (7.77%), with Sensex at 1.10% and BSE Industrials at 6.62%. Over the last month, the price rose by Rs 19.65 (8.81%), while Sensex and BSE Industrials saw changes of 7.94% and 13.40%, respectively. In the last three months, the price surged Rs 35.85 (17.34%), with Sensex at 6.83% and BSE Industrials at 14.53%. Year-to-date, the price decreased by Rs 52.65 (-17.83%). Over six months, there was a loss of Rs 30.30 (-11.10%), while Sensex rose by 4.57% and BSE Industrials fell by 2.31%.
Over one year, the price dropped Rs 93.38 (-27.79%). For the past two years, the price increased by Rs 40.92 (20.29%), with Sensex at 30.79% and BSE Industrials at 83.58%. Over three years, the price saw a significant rise of Rs 119.50 (97.08%). In the last five years, the price increased by Rs 126.47 (108.90%).
First Published:
May 14, 2025, 14:20 IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
Fradusters cheat retired govt accountant out of Rs1.5cr in online share fraud
1 2 Pune: Online fraudsters cheated a retired central govt accountant out of Rs1.57 crore after promising him handsome returns on investment in online trade of shares. The retired official, an employee of Wadgaon Sheri, lodged a complaint with the Cyber police on Tuesday. According to the police, he received a message on his messaging application in March urging him to invest in stocks to generate handsome income. Senior inspector Swapnali Shinde of the cyber police said, "The suspects promised the victim over 20% profit in just a few months. The retired official read the message and decided to contact its sender. His number was then added to a group on the messaging application. He then contacted the group admin, who promised to help him in trading shares and generating profit." You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune | Gold Rates Today in Pune | Silver Rates Today in Pune According to the FIR, the suspects sent him documents of their share trading firm on the messaging application. It had seals and stamps of the company. They even claimed that their firm was registered with the Sebi. The complainant, after getting the seals and stamps, trusted the group admin. "The suspects then told the victim to download a stock trading application. He downloaded it and started trading shares with tips from the suspects," the FIR stated. The suspects then promised to help the victim buy high-value shares and shared six bank account details with him. The retired govt official transferred money to these accounts on 11 occasions, the FIR stated. "In all, he transferred Rs 1.57 crores. The victim's application showed a sum of Rs2.93 crore as the collective sum of his investment and profit generated on the app. When he decided to sell off the shares for profit, the suspects demanded various fees and taxes. The victim then realised the cheating and approached the police. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
15 minutes ago
- Time of India
Rain damages roads posing logistics challenge to Palda industrialists
Indore: Recent rainfall has resulted in sludge and potholes on roads in one of the city's oldest industrial belts, Palda, leaving industrialists struggling with damaged roads and logistics challenges. Tired of too many ads? go ad free now Palda, which is home to over 400 industries, is grappling with poor infrastructure, hindering the timely transportation of goods to industries, said industrialists. Local industrialists said that deteriorating road conditions have led to deep potholes and hazardous driving scenarios, causing delays in movement of raw material and finished products. Palda Industrial Association secretary Harish Nagar expressed frustration over the situation, saying, "Industries in Palda have significantly limited their transportation activities due to damaged roads, which are not being repaired since long. We contribute approximately Rs 5 crore annually in property tax to the civic authority, yet basic infrastructure improvement remains unmet." Industrialists added that poor condition of roads and drainage systems have been repeatedly brought to the attention of Indore Municipal Corporation and relevant departments, yet appropriate action has not been taken to address these critical infrastructure needs. Another industrialist Komal Agrawal, who operates a dal mill in Palda said, "Damaged roads are not only affecting operational efficiency but also jeopardises the safety and integrity of goods in transit. Workers too are feeling the impact, as many find it increasingly difficult to reach their workplaces." Industries claim the poor condition of roads is hampering day-to-day operations and attendance of employees.
Time of India
16 minutes ago
- Time of India
Gurgaon RWAs seek reduction in GST on maintenance bills from 18% to 5%
Gurgaon: Essential security, water supply and sanitation should not be taxed like luxury services, said resident welfare associations, which, in an appeal to Haryana CM Nayab Singh Saini, have sought rationalisation of GST on monthly maintenance bills. They have also urged Saini, who has a finance portfolio as well, to push for cut in the levy from 18% to 5% and revise the exemption threshold from Rs 7,500 to Rs 10,000 per flat per month. The demand comes against the backdrop of PM Modi's Independence Day announcement that the GST regime would be simplified into a two-rate structure — 5% for items of common use and 18% for others. RWAs argued that the maintenance fees collected for basic services fall into the former category and must not be equated with luxury spending. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon | Gold Rates Today in Gurgaon | Silver Rates Today in Gurgaon "RWAs are not profit-making entities. The maintenance, which is collected, goes into basic services like water supply, sanitation, security, and lighting – all critical for urban living. Treating them at par with luxury services is unfair and burdens residents, particularly senior citizens and salaried families. The govt should align RWA services with the 5% slab and provide relief to middle-class families," said Ina Malhotra, president of National Medica Centre Cooperative House Building Society Ltd, who has also submitted the representation to the union finance minister Nirmala Sitharaman, who is chairperson of the GST Council. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo "We hope CM Saini will flag the issues in the GST Council's deliberations and ensure that society maintenance is recognised as an essential service," added Malhotra. Since its rollout in July 2017, GST on RWAs has remained a contentious issue. Contributions above Rs 5,000 per flat per month (later revised to Rs 7,500) attract 18% GST. The rate, residents have consistently opposed, saying it unfairly equates the upkeep of residential colonies with luxury services like gyms and clubs. Meanwhile, other associations are also preparing similar representations. Praveen Malik, president of the United Association of New Gurugram, said, "This tax structure is flawed at the very root. RWAs are end consumers; they act as facilitators between residents and service providers. Although the residents in our society do not fall into the GST ambit, as an RWA, we have to pay the taxes to service providers. Applying GST at 18% on essential community upkeep reflects a lack of understanding of how RWAs function. Revising GST will directly benefit end-users." Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
