RITES has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 25.82% fall in its net profit at Rs 95.88 crore for the quarter under review as compared to Rs 129.26 crore for the same quarter in the previous year. However, total income of the company decreased by 4.22% at Rs 521.36 crore for Q1FY24 as compared Rs 609.73 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 17.36% fall in net profit at Rs 119.58 crore for the quarter ended June 30, 2023 as compared to Rs 144.70 crore for the same quarter in the previous year. Total income of the company decreased by 11.63% at Rs 562.63 crore for Q1FY24 as compared Rs 636.71 crore for the corresponding quarter previous year.
