RITES Q4 profit drops 2 pc to Rs 130 cr
RITES Ltd reported a 2% drop in net profit to Rs 129.97 crore for the March quarter FY26 due to higher expenses, despite a 28% increase in income.
RITES Ltd, an infrastructure, consultancy and engineering firm, on Tuesday reported a 2 per cent drop in net profit at Rs 129.97 crore for March quarter FY26 impacted by higher expenses.
The company had posted a net profit of Rs 132.71 crore for the year-ago period.
However, income during the January-March period rose to Rs 799.21 crore over Rs 625.81 crore in the year-ago period, RITES said in a filing to BSE.
Expenses too increased to Rs 617.50 crore from Rs 434.76 crore.
The board has recommended final dividend of Rs 2.75 per share for financial year 2025-26, subject to approval by shareholders.
The company is into various segments including railways, metros, tunnels, bridge, urban engineering, sustainability and green mobility, airports and institutional buildings.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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