Construction & Engineering firm RITES Announced Q1FY23 Result : RITES revenue rises 68.8% to Rs 637 crore RITES PAT rises 85.8% to Rs 145 crore RITES declares interim dividend of Rs 4 per share Consolidated Financials: Total Revenue stands at Rs 637 crore against Rs 377 crore in Q1FY22, up by 68.8% Operating Revenue stands at Rs 605 crore against Rs 355 crore in Q1FY22, up by 70.4% EBITDA stands at Rs 179 crore against Rs 97 crore in Q1FY22, up by 84.5% Profit After Tax stands at Rs 145 crore against Rs 78 crore in Q1FY22, up by 85.8% RITES operating revenue, excluding other income, is up by 70.4% at Rs 605 crore in Q1FY23 as against Rs 355 crore in Q1FY22. Total revenue was Rs 637 crore as against Rs 377 crore in Q1FY22. The increase in the total revenue was supported by continued momentum across all sectors and disciplined execution. EBITDA and PAT stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore, up by 84.5% and 85.8%, respectively, in Q1FY22. EBITDA and PAT margins were improved and stood at 29.7% and 22.7%, respectively. The growth in revenue and profits is attributable to all segments. Standalone Financials: Total Revenue stands at Rs 610 crore against Rs 359 crore in Q1FY22, up by 69.9% Operating Revenue stands at Rs 578 crore against Rs 333 crore in Q1FY22 up by 73.9% EBITDA stands at Rs 156 crore against Rs 78 crore in Q1FY22, up by 99.7% Profit After Tax stands at Rs 129 crore against Rs 70 crore in Q1FY22, up by 83.4% Declares Interim Dividend of Rs 4 per share Operating revenue, excluding other income, was up by 73.9% and stood at Rs 578 crore in Q1FY23 against Rs 333 crore in Q1FY22. Total standalone revenue was Rs 610 crore against Rs 359 crore in Q1FY22. EBITDA and PAT stood at Rs156 crore and Rs 129 crore against Rs 78 crore and Rs 70 crore, up by 99.7% and 83.4%, respectively, in Q1FY22. EBITDA and PAT margins were 27% and 21.2%, respectively. Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Surging Ahead: Our performance in Q1 shows that RITES continues to be on the path of a V-shaped recovery in sync with the rebound of the economy.” Result PDF
Construction & Engineering firm Rites declares Q4FY22 result: Revenue up: Highest-ever operating turnover of Rs. 2575 crore Enhancing Exports: Achieved Rs. 1000 crore of Exports, including services New Orders: Order book at Rs. 4939 crore with new orders of more than Rs. 1700 crore Project Updates: Secured Railway consultancy work in Bangladesh and extension works for Mauritius Metro Expanding footprints: Secured its first contracts (metro work) in Bahrain and Nigeria (Road & Helipad work) The collaborations: MoU with SMEC, IITs, Tata Steel & BEML Picking up: Export of coaches and DEMUs to CFM Mozambique started Execution: Completed supplies of 160 coaches and 2 DEMUs to Sri Lanka Dividend: Rs. 17 per share for the year Consultancy, Leasing and Energy Management reached the Pre-Covid levels Achieved highest-ever exports revenue during FY22 Profits increased on account of increase in revenue in all segments except turnkey. EBITDA and PBT margins remained range bound Result PDF
Construction & Engineering company Rites declares Q3FY22 result: RITES Q3FY22 Revenue up by 64.9% RITES Q3FY22 PAT up by 36.6% Highlights for Q3FY22 Consolidated Financials: Total Revenue up by 64.9% to Rs 792 crore against Rs 480 crore in Q3FY21 Operational Revenue up by 70.6% to Rs 775 crore EBITDA up by 46.7% to Rs 195 crore with margin of 25.2% Profit After Tax up by 36.6% to Rs 144 crore against Rs 105 crore in Q3FY21 Highlights for Q3FY22 Standalone Financials: Total Revenue up by 66.0% to Rs 771 crore Operating Revenue up by 71.9% to Rs 755 crore EBITDA up by 46.8% to Rs 179 crore with margin of 23.7% Profit After Tax up by 35.1% to Rs 134 crore Highlights for 9MFY22 Consolidated Financials: Total Revenue up by 44.4% to Rs 1958 crore against Rs 1355 crore in 9MFY21 EBITDA up by 39.3% to Rs 519 crore with margin of 27.4% Profit After Tax up by 30.9% to Rs 396 crore Earning per share stands at Rs 15.80 against Rs 11.86 in 9MFY21, up by 33.2% Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “RITES continues to build on the growth momentum with total revenue for the quarter reaching Rs 792 crore, up by 64.9%, against Q3FY21. Our focus will be to consolidate on this position and follow the mantra — Not just more of the same, but much more of the new.” Result PDF