RITES · NSE: RITES · BSE: 541556

Q1 FY24 results · Apr–Jun 2023

RITES reported revenue from operations of ₹544.35 crore (down 10.0% from Q1 FY23) and net profit of ₹119.43 crore (down 17.5% from Q1 FY23) for Q1 FY24 (Apr–Jun 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Revenue from operations	544.35	605.04	−10.0%	686.81	−20.7%
Other income	18.28	31.67	−42.3%	18.82	−2.9%
Total income	562.63	636.71	−11.6%	705.63	−20.3%
Profit before share of associates & JVs and tax	162.55	194.61	−16.5%	191.13	−15.0%
Share of profit/(loss) of associates & JVs	(0.15)	0.51		0.00
Net profit for the period	119.43	144.70	−17.5%	138.89	−14.0%
Attributable to shareholders of the company	108.01	137.52	−21.5%	132.01	−18.2%
EPS, basic (₹)	4.49	5.72	−21.5%	5.49	−18.2%
Net margin (%)	21.9	23.9		20.2

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q1 FY24	Q1 FY23	YoY	Q4 FY23	QoQ
Revenue from operations	503.67	578.33	−12.9%	658.99	−23.6%
Other income	17.69	31.40	−43.7%	31.17	−43.2%
Total income	521.36	609.73	−14.5%	690.16	−24.5%
Profit before tax	129.08	173.58	−25.6%	184.49	−30.0%
Net profit for the period	95.88	129.26	−25.8%	138.37	−30.7%
EPS, basic (₹)	3.99	5.38	−25.8%	5.76	−30.7%
Net margin (%)	19.0	22.4		21.0

Consolidated

Filed with BSE: 28 Jul 2023, 19:23 IST
Board meeting: 28 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 28 Jul 2023, 19:23 IST
Board meeting: 28 Jul 2023
Period: 01 Apr 2023 to 30 Jun 2023
Review status: Unaudited
Source: XBRL filing on BSE