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RITES Q2 PAT drops 20% to Rs 140 crore, income declines to Rs 684 crore

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, 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 reiterate our core energy and the USP (distinctive promoting level) of getting a diversified enterprise portfolio,” Chairman and Managing Director Rahul Mithal mentioned.

is a miniratna public sector enterprise and a number one participant within the transport consultancy and engineering sector within the nation.

(Solely the headline and film of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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