RITES Q3FY25: Sequential Revenue up 9.3% to Rs 614 crore, declares Interim Dividend of Rs 1.9/share
Total revenue is Rs 614 crore as against Rs 700 crore in Q3FY24. EBITDA and PAT stood at Rs 123 crore and Rs 109 crore with margins of 21.3% and 17.8%, respectively.
RITES Q3FY25: Sequential Revenue up 9.3 to Rs 614 crore, declares Interim Dividend of Rs 1.9 per share
RITES Ltd, the leading Transport Infrastructure Consultancy and Engineering firm, announced its standalone and consolidated financial results for the Quarter that ended on December 31st, 2024. RITES operating revenue (consolidated), excluding other income, stands at Rs 576 crore in Q3FY25 as against Rs 683 crore in Q3FY24, a dip of 15.7%.
Total revenue is Rs 614 crore as against Rs 700 crore in Q3FY24. EBITDA and PAT stood at Rs 123 crore and Rs 109 crore with margins of 21.3% and 17.8%, respectively. Year-on-year, there is a decrease in revenue which is attributed to lesser revenue from quality assurance, a downtick in turnkey, and no exports.
Operating revenue, excluding other income, stands at Rs 545 crore in Q3FY25 against Rs 653 crore in Q3FY24. Total standalone revenue is Rs 592 crore against Rs 678 crore in Q3FY24. EBITDA and PAT, with respective margins of 16.6% and 16.1%, stand at Rs 90 crore and Rs 95 crore against Rs 144 crore and Rs 119 crore, respectively, in Q3FY24.
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Segmental Performance: The Consultancy business continues to provide the highest revenue to the company and achieved a revenue of Rs 280 crore with margins at 34.1%. The fall in Consultancy revenue is attributable to the dip in Quality Assurance revenue. Leasing revenue stands at Rs 40 crore, maintaining the margins of 35.9%. Turnkey revenue stands at Rs 223 crore and no exports were carried out during the quarter.
Dividend: The Board of Directors has declared the third interim dividend of Rs 1.9 per share amounting to
Rs 91.31 crore. The record date for payment of dividends is February 1, 2025.
The company has secured more than 110 orders (including extension of works) worth more than Rs 1933 crore in Q3FY25, thereby achieving the highest-ever order book of Rs 7978 crore as of December 31st, 2024.
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