RITES dividend: Board recommends Rs 6/share payout

RITES dividend news: Engineering and consultancy company RITES on Thursday announced a dividend of Rs 6 per share — a 60 per cent payout given the face value of Rs 10 per share. This is the final dividend for the financial year ended March 2023. 

The company said the dividend is subject to shareholders' nod at its annual general meeting (AGM). 

RITES dividend history

RITES has been rewarding investors consistently. Here's a summary of the dividends announced by RITES over the past five years:

RITES Q4 results

RITES reported a net profit of Rs 138.4 crore for the quarter ended March 2023, marking an increase of 6.6 per cent compared with the corresponding period a year ago. Its revenue, however, decreased to Rs  659 crore for the three-month period as against Rs 744.2 crore for the year-ago quarter, according to a regulatory filing. 

Revenue from the company's domestic consultancy business grew 2.8 per cent to Rs 286.6 crore. 

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