Latest news with #RITESLimited
Mint
14-05-2025
- Business
- Mint
RITES Q4 Results: Navratna PSU posts 5% YoY rise in PAT to ₹133 crore, declares 26.50% dividend. Details here
RITES Q4 Results: Navratna public sector undertaking, RITES Limited on Wednesday, May 14, posted a 5% increase in consolidated profit (attributable to the shareholders) to ₹ 132.71 crore for the quarter ended March 31 of the financial year 2024-25 (FY25). The profit figure stood at ₹ 126.10 crore in the corresponding quarter last fiscal. Its revenue from operations dipped over 4% to ₹ 615 crore in the quarter under review, compared with ₹ 643 crore posted in the same period a year-ago. Year-on-year decrease in revenue is attributed to lesser revenue from quality assurance, a downtick in turnkey and almost no exports, the company said. Segment-wise, the company saw an increase in revenue from consultancy during the March 2025 quarter. It stood at ₹ 362 crore, compared with ₹ 335 crore posted in the same quarter last year. However, revenue from turnkey construction projects declined to ₹ 202 crore from ₹ 259 crore on a YoY basis. EBITDA in the March 2025 quarter stood at ₹ 189 crore, up by 6.2% YoY, with margins of 30.8%. The company secured the highest-ever order book of ₹ 8,877 crore, with 150-plus orders worth ₹ 1,418 crore bagged in Q4. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, 'Concerted efforts this quarter in execution of high-margin projects has helped us achieve our objective of coming as close as possible to our previous financial year's performance, in line with our business strategy for this year.' On the growth prospects, Mithal said, 'With an all-time high order book of ₹ 8877 crore and maintaining the trend of 'one order a day', we have built a strong platform for the year ahead, aiming for appreciable growth in our revenue.' The railway company's board also recommended a final dividend, along with the Q4 results. The PSU firm declared a dividend of ₹ 2.65 per share (i.e. 26.50%) on equity shares of face value of ₹ 10 for the financial year 2024-25. The dividend payment is subject to approval 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 thereunder," RITES said. RITES share price jumped sharply following the Q4 earnings announcement. PSU railway stock hit the day's high of ₹ 248.90, rising as much as 6.75% in intraday trade today. The stock finally settled at ₹ 243.40, up 4.40%. In the last one year, however, RITES share price has declined 27%. On a five year basis, its returns stand at 110%.
Mint
14-05-2025
- Business
- Mint
RITES Q4 Results: Navratna PSU posts 5% YoY rise in PAT to ₹133 crore, declares 26.50% dividend. Details here
RITES Q4 Results: Navratna public sector undertaking, RITES Limited on Wednesday, May 14, posted a 5% increase in consolidated profit (attributable to the shareholders) to ₹ 132.71 crore for the quarter ended March 31 of the financial year 2024-25 (FY25). The profit figure stood at ₹ 126.10 crore in the corresponding quarter last fiscal. Its revenue from operations dipped over 4% to ₹ 615 crore in the quarter under review, compared with ₹ 643 crore posted in the same period a year-ago. Year-on-year decrease in revenue is attributed to lesser revenue from quality assurance, a downtick in turnkey and almost no exports, the company said. Segment-wise, the company saw an increase in revenue from consultancy during the March 2025 quarter. It stood at ₹ 362 crore, compared with ₹ 335 crore posted in the same quarter last year. However, revenue from turnkey construction projects declined to ₹ 202 crore from ₹ 259 crore on a YoY basis. EBITDA in the March 2025 quarter stood at ₹ 189 crore, up by 6.2% YoY, with margins of 30.8%. The company secured the highest-ever order book of ₹ 8,877 crore, with 150-plus orders worth ₹ 1,418 crore bagged in Q4. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, 'Concerted efforts this quarter in execution of high-margin projects has helped us achieve our objective of coming as close as possible to our previous financial year's performance, in line with our business strategy for this year.' On the growth prospects, Mithal said, 'With an all-time high order book of ₹ 8877 crore and maintaining the trend of 'one order a day', we have built a strong platform for the year ahead, aiming for appreciable growth in our revenue.' The railway company's board also recommended a final dividend, along with the Q4 results. The PSU firm declared a dividend of ₹ 2.65 per share (i.e. 26.50%) on equity shares of face value of ₹ 10 for the financial year 2024-25. The dividend payment is subject to approval 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 thereunder," RITES said. RITES share price jumped sharply following the Q4 earnings announcement. PSU railway stock hit the day's high of ₹ 248.90, rising as much as 6.75% in intraday trade today. The stock finally settled at ₹ 243.40, up 4.40%. In the last one year, however, RITES share price has declined 27%. On a five year basis, its returns stand at 110%. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
14-05-2025
- Business
- News18
Dividend Stock: Railway PSU Announces Final Dividend For FY25, Shares Rally 5%
Last Updated: 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
Business Upturn
24-04-2025
- Business
- Business Upturn
RITES secures Rs 28 crore order from Mahanadi Coalfields for rail connectivity project
By Aditya Bhagchandani Published on April 24, 2025, 19:01 IST RITES Limited has received a major order from Mahanadi Coalfields Limited (MCL) for providing Detailed Engineering and Project Management Consultancy services. The scope of the project involves the rail connectivity for the proposed phase-II SILO at Lakhanpur Area of MCL. According to the regulatory filing dated April 24, 2025, the work order is valued at ₹28 crore (excluding GST) and is expected to be executed over a period of 24 months. The order has been awarded by a domestic entity and does not involve any related party transaction. RITES clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the order will be executed under standard terms. This project win reinforces RITES' strong presence in the rail infrastructure consultancy space and its long-standing collaboration with coal and public sector enterprises. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
