Rites Ltd 12 Jun 2024 12:00 AM
RITES signs MoU with Andal Diesel Shed,
RITES has signed a Memorandum of Understanding (MoU) with Eastern Railway`s Andal Diesel Shed, Asansol Division, West Bengal. This MoU sets up a framework for collaboration on major schedule repair and maintenance of Diesel-Electric Locomotives owned by RITES and other clients at the Andal Diesel Shed facility. The partnership aims at streamlining the repair and maintenance process for diesel locomotives. As part of this collaboration, RITES will secure or identify business opportunities for higher schedule repairs, while the Andal Diesel Shed will execute the maintenance work. Powered by Capital Market - Live News
Rites Ltd 07 Jun 2024 12:00 AM
Rites receives LoA from Tata Steel,
Rites has received a letter of award from Tata Steel for loco hiring along with operations and maintenance for a consideration of Rs 39.63 crore. Powered by Capital Market - Live News
Rites Ltd 28 May 2024 12:00 AM
Board of RITES recommends Final Dividend,
RITES announced that the Board of Directors of the Company at its meeting held on 28 May 2024, has recommended a Final dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live News
Rites Ltd 28 May 2024 12:00 AM
Rites consolidated net profit declines 4.48% in the March 2024 quarter,
Net profit of Rites declined 4.48% to Rs 126.10 crore in the quarter ended March 2024 as against Rs 132.01 crore during the previous quarter ended March 2023. Sales declined 6.34% to Rs 643.25 crore in the quarter ended March 2024 as against Rs 686.81 crore during the previous quarter ended March 2023.For the full year,net profit declined 15.98% to Rs 455.40 crore in the year ended March 2024 as against Rs 542.04 crore during the previous year ended March 2023. Sales declined 6.67% to Rs 2452.85 crore in the year ended March 2024 as against Rs 2628.27 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales643.25686.81 -6 2452.852628.27 -7 OPM %27.3627.85 -26.2628.34 - PBDT202.26207.76 -3 731.02840.61 -13 PBT186.69191.13 -2 670.36773.92 -13 NP126.10132.01 -4 455.40542.04 -16 Powered by Capital Market - Live News
Rites Ltd 15 May 2024 12:00 AM
RITES to hold board meeting,
RITES will hold a meeting of the Board of Directors of the Company on 28 May 2024Powered by Capital Market - Live News
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