RITES Q4 Results: Navratna public sector undertaking, RITES Limited on Wednesday, May 14, posted a 5% increase in consolidated profit of ₹132.71 crore for the quarter ended March 31 of the financial year 2024-25 (FY25). The profit figure stood at ₹126.10 crore in the corresponding quarter last fiscal.
RITES Dividend
The railway company’s board also recommended a final dividend, along with the Q4 results. The PSU firm declared a dividend of ₹2.65 per share (i.e. 26.50%) on equity shares of face value of ₹10 for the financial year 2024-25.
The dividend payment is subject to approval by shareholders in the ensuing 51st Annual General Meeting of the Company.
“Upon approval of shareholders, the dividend declared will be paid within thirty (30) days of declaration, subject to deduction of applicable Tax at Source as per the provisions of the Income Tax Act, 1961 and rules framed thereunder,” RITES said.
