RITES Q2 profit drops to Rs 110 crore
State-owned RITES Ltd on Tuesday reported a 21.4 per cent decline in consolidated profit after tax (PAT) to Rs 110.17 crore for the September quarter.
State-owned RITES Ltd on Tuesday reported a 21.4 per cent decline in consolidated profit after tax (PAT) to Rs 110.17 crore for the September quarter.
The company had posted a consolidated PAT of Rs 140.20 crore in the year-ago period.
The consolidated income of the company during the July-September period dropped to Rs 608.81 crore as against Rs 684.30 crore in the year-ago period, RITES said in a filing to the BSE.
"Decline in revenue is largely attributed to a fall in export earnings and decrease in quality assurance revenue," the company said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
06:41 PM IST