Rites reports 36% fall in Q1 consolidated net profit
12th Aug 2020

Rites has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 35.08% in its net profit at Rs 60.13 crore for the quarter under review as compared to Rs 92.62 crore for the same quarter in the previous year. Total income of the company decreased by 33.91% at Rs 365.79 crore for Q1FY21 as compared Rs 553.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 35.92% in its net profit attributed to equity shareholders at Rs 62.76 crore for the quarter under review as compared to Rs 97.94 crore for the same quarter in the previous year. Total income of the company decreased by 33.81% at Rs 379.04 crore for Q1FY21 as compared Rs 572.62 crore for the corresponding quarter previous year.