RITES has reported results for fourth quarter and year ended March 31, 2021.
The company has reported a rise of 2.41% in its net profit at Rs 134.56 crore for the quarter under review as compared to Rs 131.39 crore for the same quarter in the previous year. Total income of the company increased by 6.12% at Rs 632.42 crore for Q4FY21 as compared Rs 595.93 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 1.65% in its net profit at Rs 141.55 crore for the quarter under review as compared to Rs 143.93 crore for the same quarter in the previous year. However, total income of the company increased by 5.75% at Rs 649.55 crore for Q4FY21 as compared Rs 614.25 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 28.85% in its net profit at Rs 424.35 crore as compared to Rs 596.39 crore for the previous year. Total income of the company decreased by 26.92% at Rs 1,947.55 crore for year under review as compared to Rs 2,665.05 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 29.85% in its net profit at Rs 444.21 crore as compared to Rs 633.26 crore for the previous year. Total income of the company decreased by 26.68% at Rs 2,005.02 crore for year under review as compared to Rs 2,734.51 crore for year ended March 31, 2020.
