RITES Ltd, a public sector transport consultancy and engineering agency, has reported 19.6 per cent decline in consolidated revenue after tax (PAT) at Rs 140.20 crore for September quarter 2022-23.
The corporate had logged a PAT of Rs 174.49 crore within the year-ago interval, RITES mentioned in a BSE submitting on Friday.
Revenue dropped to Rs 684.30 crore from Rs 788.85 crore within the year-ago interval.
“The pattern of sequential development as additionally seen vis-a-vis H1 (April-September) of the earlier yr continues regardless of a dip within the export stream of income.
“The results reiterate our core energy and the USP (distinctive promoting level) of getting a diversified enterprise portfolio,” Chairman and Managing Director Rahul Mithal mentioned.
RITES is a miniratna public sector enterprise and a number one participant within the transport consultancy and engineering sector within the nation.
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