RITES · NSE: RITES · BSE: 541556

Q2 FY24 results · Jul–Sep 2023

RITES reported revenue from operations of ₹582.36 crore (down 11.6% from Q2 FY23) and net profit of ₹110.17 crore (down 21.4% from Q2 FY23) for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	582.36	659.08	−11.6%	544.35	+7.0%
Other income	26.45	25.22	+4.9%	18.28	+44.7%
Total income	608.81	684.30	−11.0%	562.63	+8.2%
Profit before share of associates & JVs and tax	148.80	188.45	−21.0%	162.55	−8.5%
Share of profit/(loss) of associates & JVs	1.48	(0.17)		(0.15)
Net profit for the period	110.17	140.20	−21.4%	119.43	−7.8%
Attributable to shareholders of the company	101.15	132.42	−23.6%	108.01	−6.4%
EPS, basic (₹)	4.21	5.51	−23.6%	4.49	−6.2%
Net margin (%)	18.9	21.3		21.9

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	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	549.27	631.67	−13.0%	503.67	+9.1%
Other income	51.40	31.23	+64.6%	17.69	+190.6%
Total income	600.67	662.90	−9.4%	521.36	+15.2%
Profit before tax	149.00	172.93	−13.8%	129.08	+15.4%
Net profit for the period	116.59	131.39	−11.3%	95.88	+21.6%
EPS, basic (₹)	4.85	5.47	−11.3%	3.99	+21.6%
Net margin (%)	21.2	20.8		19.0

Consolidated

Filed with BSE: 02 Nov 2023, 10:26 IST
Board meeting: 31 Oct 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 02 Nov 2023, 10:26 IST
Board meeting: 31 Oct 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE