Rites reports 2-fold jump in Q2 consolidated net profit

Rites Ltd. | Engineering Consultancy | Capital Goods & Industrial Consumables | BSE: 541556 | NSE: RITES

14 Nov 2019 Evaluate

Rites has reported results for second quarter ended September 30, 2019.

The company has reported over 2-fold jump in its net profit at Rs 232.64 crore for the quarter under review as compared to Rs 108.18 crore for the same quarter in the previous year. Total income of the company increased by 88.24% at Rs 873.71 crore for Q2FY20 as compared Rs 464.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 237.21 crore for the quarter under review as compared to Rs 111.87 crore for the same quarter in the previous year. Total income of the company increased by 85.85% at Rs 887.86 crore for Q2FY20 as compared Rs 477.73 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
NBCC (India)	82.42
Rites	207.85
Mold-Tek Tech	196.90
Dhruv ConsultancySer	21.80
Telge Projects	224.15
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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