RITES Q4 Results: Railway PSU reports decline in revenue; declares final dividend
Published on 14/05/2025 02:28 PM
RITES Q4 Results: Railway PSU reports decline in revenue; declares final dividendRITES Q4 Results: EBITDA rose 5.4% on a year-on-year basis to ₹185.5 crore, while margins expanded by 564 basis points from last year to 30%.By Meghna Sen May 14, 2025, 2:28:50 PM IST (Updated)1 Min ReadShares of RITES Ltd., the state-run railway company, was trading with gains of 4% on Wednesday (May 14), following its March quarter results, which were higher on a year-on-year basis on most parameters.
Net profit for the quarter rose 3.4% year-on-year to ₹141 crore.
Revenue for the period declined 4.3% from last year to ₹615 crore. The company had reported a topline of ₹643 crore in the base quarter.
RITES' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 5.4% on a year-on-year basis to ₹185.5 crore, while margins expanded by 564 basis points from last year to 30%.
The company also declared a final dividend for financial year 2025, which was ₹2.65 per share. Record date for the said dividend is yet to be announced.
This will be subject to approval of the same by shareholders in the ensuing 51st Annual General Meeting of the company. Upon approval of shareholders, the dividend declared will be paid within 30 days of declaration.
Shares of RITES are trading 3.87% higher at ₹242.13. The stock is down over 17% so far in 2025.Continue ReadingFirst Published: May 14, 2025 2:26 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsQ4 resultsRITES