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. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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:

Announcement Date Dividend (Rs) Ex-Date Dividend Type
Jan, 19, 2023 6 Feb 17, 2023 Interim
Nov 3, 2022 4.5 Nov 17, 2022 Interim
May 24, 2022 3.5 Sept 8, 2022 Final
July 20, 2022 4 Aug 4, 2022 Interim
Mar 14, 2022 7.5 Mar 24, 2022 Interim
Nov 11, 2021 4 Nov 24, 2021 Interim
June 16, 2021 4 Sept 20, 2021 Final
Aug 5, 2021 2 Aug 18, 2021 Interim
Mar 5, 2021 4 Mar 18, 2021 Interim
Dec 30, 2020 5 Jan 8, 2021 Interim
June 30, 2020 6 Aug 19, 2020 Final
Feb 6, 2020 4 Feb 17, 2020 Interim
Dec 27, 2019 6 Jan 9, 2020 Interim
May 29, 2019 4 July 10, 2019 Final
Mar 11, 2019 4 Mar 20, 2019 Interim
Dec 17, 2018 4.75 Dec 27, 2018 Interim
July 30, 2018 2 Sept 11, 2018 Final

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. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.