RITES Ltd. reported a mixed set of June-quarter earnings, with higher revenue and net profit offset by a decline in operating margins.
The state-run engineering consultancy posted a consolidated net profit of Rs 87.2 crore, up 8.9% year-on-year from Rs 80.1 crore. Revenue from operations rose 8.7% to Rs 532 crore, compared with Rs 490 crore in the corresponding quarter last year.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
RITES Q1 Results - Cons, YoY
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
- Net profit up 8.9% at Rs 87.2 crore vs Rs 80.1 crore YoY
- Revenue up 8.7% at Rs 532 crore vs Rs 490 crore YoY
- EBITDA up 0.4% at Rs 115 crore vs Rs 114 crore YoY
- EBITDA margin at 21.5% vs 23.3% YoY
Operating performance remained largely flat. EBITDA edged up 0.4% year-on-year to Rs 115 crore from Rs 114 crore. However, EBITDA margin narrowed to 21.5% from 23.3% a year ago, indicating pressure on operating profitability despite higher revenue.
The Q1results suggest that while RITES continued to deliver steady top-line growth, rising costs weighed on margins during the quarter.
Shares of RITES became volatile after the Q1 results, trading around 1.19% lower at Rs 216.70 apiece, as of 1:50 pm.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
