State-owned RITES Ltd on Tuesday reported a marginal fall of 1.59% in its consolidated net profit to Rs 136.67 crore for the March quarter on account of fall in revenues. It had posted a profit of Rs 138.89 crore for the year-ago period, the company said in an exchange filing.
The company's total income fell to Rs 667.68 crore in the January-March period from Rs 705.63 crore in the same period a year ago.
Its expenses were at Rs 483.32 crore, down from Rs 514.17 crore in January-March FY23.
The board of the company has declared a dividend of Rs 5 for the financial year 2023-24.
RITES, under the Ministry of Railways, is a multidisciplinary engineering and consultancy organisation, providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.
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