RITES reports 25% fall in Q2 consolidated net profit

Ace News

6th Nov 2024

RITES has reported results for second quarter ended September 30, 2024 (Q2FY25).

The company has reported 26.27% fall in its net profit at Rs 85.96 crore for the quarter ended September 30, 2024 as compared to Rs 116.59 crore for the same quarter in the previous year. Total income of the company decreased by 7.84% at Rs 553.60 crore for Q2FY25 as compared to Rs 600.67 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 25.12% fall in net profit at Rs 82.50 crore for Q2FY25 as compared to Rs 110.17 crore for the same quarter in the previous year. Total income of the company decreased by 7.67% at Rs 562.13 crore for Q2FY25 as compared to Rs 608.81 crore for the corresponding quarter previous year.