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Writer's pictureCA Vishnu Agarwal

RITES Ltd. Q4FY24 & FY24 Annual Results:


RITES Ltd., a leading transport infrastructure consultancy and engineering firm, announced itsfinancial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).


Q4FY24 Financial Highlights:


  • Total Income: ₹ 917 crore (up 20% YoY)

  • Net Profit: ₹192 crore (up 13% YoY)


FY24 Financial Highlights:


  • Total Income: ₹3,151 crore (up 30% YoY)

  • Net Profit: ₹745 crore (up 27% YoY)

  • Final Dividend: ₹8 per share

  • Total Dividend for FY24: ₹16 per share (160%)


Key Points:


  • Strong Growth: RITES witnessed robust growth in both Q4FY24 and FY24, driven by strong order execution and new order inflows.

  • Record-Breaking Performance: The company achieved its highest-ever annual order book and operational revenue in FY24.

  • Diversified Portfolio: RITES' diversified portfolio, including consultancy, exports, and turnkey projects, contributed to its steady growth.

  • Positive Outlook: The company remains optimistic about its future prospects, given the government's focus on infrastructure development and its strong order book.


Additional Information:


  • Record high consultancy revenue of Rs. 1,686 crore in FY24 (up 33% YoY).

  • Exports stood at ₹732 crore in FY24.

  • Turnkey projects contributed ₹733 crore in FY24.

  • The order book stood at ₹11,297 crore at the end of March 2024.

  • The company is actively expanding its global footprint and exploring new opportunities in the infrastructure sector.


For further information and analysis, you can refer to the following resources:



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