RITES Limited — Updates, 06-11-2024: Press Release

RITES Limited reported Q2FY25 revenue of ₹562 crore and a PAT of ₹83 crore, reflecting a sequential standalone revenue increase of 16.5% from the previous quarter. The company declared a second interim dividend of ₹1.75 per share, with a payout ratio of 97.9%. It secured over 90 new orders worth ₹729 crore, maintaining a healthy order book of ₹6,581 crore. Year-on-year revenue showed a decline due to lower earnings from Quality Assurance and consultancy services.