Construction & Engineering firm Rites announced Q3FY23 results: Consolidated Q3FY23: Total Revenue stands at Rs 703 crore against Rs 792 crore in Q3FY22 EBITDA stands at Rs 194 crore against Rs 195 crore in Q3FY22 Profit After Tax stands at Rs 147 crore against Rs 144 crore in Q3FY22 Consolidated 9MFY23: Total Revenue stands at Rs 2,024 crore against Rs 1,958 crore 7% growth in EBITDA, Rs 555 crore against Rs 519 crore 9% growth in PAT Rs 432 crore against Rs 396 crore The Takeaways: Sequential growth of 3% & 8% in Revenue from Operations and EBITDA, respectively YoY Profit remains flat despite a dip in export revenue, a high-margin stream YoY core EBITDA Margin up from 23% to 26% Order Book of Rs 5,513 crore (as on December 31, 2022), up by 10% from September 30, 2022; secured 65+ orders worth Rs 1200 crore in Q3FY23 Declared 3 rd Interim Dividend of Rs 6/share, taking the total Interim Dividend to Rs 14.5/share. Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “The USP of our diversified business model was again evident in this quarter with a sequential growth as well as 9% growth in PAT in the 9-month period. At the same time, the margins were maintained by capitalising on our core strength: Consultancy, which grew by 21% in the 9-month period. With a declaration of the 3rd interim dividend of Rs 6 per share, we continue to honour our commitment to our shareholders.” Result PDF