RITES This autumn Outcomes: Navratna public sector endeavor, RITES Restricted on Wednesday, Could 14, posted a 5% improve in consolidated revenue of ₹132.71 crore for the quarter ended March 31 of the monetary yr 2024-25 (FY25). The revenue determine stood at ₹126.10 crore within the corresponding quarter final fiscal.
Its income from operations dipped over 4% to ₹615 crore within the quarter beneath assessment, in contrast with ₹643 crore posted in the identical interval a year-ago.
RITES Dividend
The railway firm’s board additionally really helpful a remaining dividend, together with the This autumn outcomes. The PSU agency declared a dividend of ₹2.65 per share (i.e. 26.50%) on fairness shares of face worth of ₹10 for the monetary yr 2024-25.
The dividend fee is topic to approval by shareholders within the ensuing 51st Annual Normal Assembly of the Firm.
“Upon approval of shareholders, the dividend declared will probably be paid inside thirty (30) days of declaration, topic to deduction of relevant Tax at Supply as per the provisions of the Earnings Tax Act, 1961 and guidelines framed thereunder,” RITES mentioned.
