Softness in Consultancy and Turnkey led to subdued Q3FY21 RITES reported revenues of `4.3bn (-28% YoY) with subdued Consultancy-Domestic and Turnkey performance which declined 18% YoY and 19.2% YoY to `2.17bn and `1.58bn respectively. The softness in consultancy was led by QA- related site level inspection delays and construction marred by land acquisition. For 9MFY21, the topline declined 19% YoY to `11.8bn. With planned 34% increase in budgetary capex for rail (lasting upto 2030), Metro and Infra projects the company sees foreseeable double digit growth in FY22 over FY20. The company reported EBITDA of `1.1bn down 25% YoY. The...