According to the financial results filed by the company, the PSU recommended a final dividend of Rs 5 per share for a total of Rs 18 per share.
The company's shares fell 3.25 percent in the market on Tuesday. On a standalone basis, operating revenue excluding other income declined to Rs 606 crore in Q4FY24 from Rs 659 crore in Q4FY23. Total standalone revenue is Rs 639 crore as against Rs 690 crore. crore in Q4FY23.As per the filing, EBITD and PAT, with respective margins of 23.9 per cent and 19.3 per cent, were at Rs 145 crore and Rs 123 crore, respectively, as against Rs 170 crore and Rs 138 crore, respectively, in Q4FY23. The consolidated revenue of the company was Rs 2453. Crore in FY24 as against R 2628 crore in FY23. Total revenue is Rs 2539 crore as against Rs 273 crore in FY2013. The company said the decline in revenues was due to a significant decline in revenues from the export segment and quality assurance business.The PSU highlighted that the consulting business is driving it. Revenue growth to R 302 crore with 45 percent margin.
On growth prospects, Mithal said, “Having achieved our highest-ever consolidated consultancy revenue, we will continue to leverage our core strength of design expertise under the Abhikalpa initiative and expand RITES Vides outreach. RITES further It reported that it has secured more than 100 orders (including expansion of works) worth over Rs 940 crore in Q4FY24 and ended the quarter with a healthy order book of Rs 5690 crore.
The company's shares fell 3.25 percent in the market on Tuesday. On a standalone basis, operating revenue excluding other income declined to Rs 606 crore in Q4FY24 from Rs 659 crore in Q4FY23. Total standalone revenue is Rs 639 crore as against Rs 690 crore. crore in Q4FY23.As per the filing, EBITD and PAT, with respective margins of 23.9 per cent and 19.3 per cent, were at Rs 145 crore and Rs 123 crore, respectively, as against Rs 170 crore and Rs 138 crore, respectively, in Q4FY23. The consolidated revenue of the company was Rs 2453. Crore in FY24 as against R 2628 crore in FY23. Total revenue is Rs 2539 crore as against Rs 273 crore in FY2013. The company said the decline in revenues was due to a significant decline in revenues from the export segment and quality assurance business.The PSU highlighted that the consulting business is driving it. Revenue growth to R 302 crore with 45 percent margin.
On growth prospects, Mithal said, “Having achieved our highest-ever consolidated consultancy revenue, we will continue to leverage our core strength of design expertise under the Abhikalpa initiative and expand RITES Vides outreach. RITES further It reported that it has secured more than 100 orders (including expansion of works) worth over Rs 940 crore in Q4FY24 and ended the quarter with a healthy order book of Rs 5690 crore.
