RITES trades in red on reporting marginal fall in Q4 consolidated net profit

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

17 Jun 2021 Evaluate

Rites is currently trading at Rs. 269.35, down by 7.00 points or 2.53% from its previous closing of Rs. 276.35 on the BSE.

The scrip opened at Rs. 274.75 and has touched a high and low of Rs. 275.40 and Rs. 267.25 respectively. So far 28248 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.90 on 02-Jul-2020 and a 52 week low of Rs. 229.60 on 17-Jun-2020.

Last one week high and low of the scrip stood at Rs. 290.10 and Rs. 267.25 respectively. The current market cap of the company is Rs. 6455.71 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 16.80% and 10.99% respectively.

RITES has reported a rise of 2.41% in its net profit at Rs 134.56 crore for the quarter ended March 31, 2021 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 ended March 31, 2021 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.

Rites Share Price

213.20 1.00 (0.47%)

19-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
NBCC (India)	111.50
Rites	213.20
Central Mine Planning & Design Inst	250.55
Monarch Surveyors	214.00
Mold-Tek Tech	135.25
View more..

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