RITES has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 11.06% fall in its net profit at Rs 123.07 crore for the quarter under review as compared to Rs 138.37 crore for the same quarter in the previous year. Total income of the company decreased by 7.39% at Rs 639.16 crore for Q4FY24 as compared Rs 690.16 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 1.60% fall in its net profit at Rs 136.67 crore for fourth quarter ended March 31, 2024 as compared to Rs 138.89 crore for the same quarter in the previous year. Total income of the company decreased by 5.38% at Rs 667.68 crore for Q4FY24 as compared Rs 705.63 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 14.41% fall in its net profit at Rs 454.11 crore as compared to Rs 530.54 crore for the previous year. Total income of the company decreased by 7.57% at Rs 2438.92 crore for year under review as compared to Rs 2638.78 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 13.27% fall in its net profit at Rs 495.20 crore as compared to Rs 570.97 crore for the previous year. Total income of the company decreased by 7% at Rs 2538.97 crore for year under review as compared to Rs 2730.02 crore for year ended March 31, 2023.
