RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Investors meet on 10th August, 202210-08-2022
10-08-2022
RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed herewith Transcript of the Conference call with analysts and investors held on Friday, July 29, 2022 to discuss the Financial Results of the Company for the quarter ended on 30th June, 2022.05-08-2022
RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Retirement
Retirement of Shri. Gopi Sureshkumar Varadarajan, Director (Projects) of the Company with effect from July 31, 2022.01-08-2022
RITES Ltd - 541556 - Clarification Regarding Link For Audio Recordings Of Post Results Conference Call
In furtherance to our letter dated July 29, 2022 and as per the communications received from some of our stakeholders, we are again enclosing link for audio recording of Conference Call held on July 29, 2022 to discuss Q1 Financial Results of the company for quarter ended on 30th June, 2022. Link for Audio Recordings of Post results Conference Call: https://dsnlcrm.com/recordings/109701/Q1FY23_Earnings_Call_of_Rites_Ltd_Conference_call_held_on_29.07.2022_at_11.00_Hrs_IST.mp301-08-2022
RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Change in Management
Consequent to the superannuation of Shri. Gopi Sureshkumar Varadarajan, Director (Projects) of the Company with effect from July 31, 2022, Shri Rahul Mithal, Chairman & Managing Director of the Company will be holding additional charge of Director (Projects) for a period of three months with effect from August 01, 2022 or until further orders whichever is earlier as per the letter No. 2017/E(O)II/40/23 dated July 13, 2022 issued by the Ministry of Railways.01-08-2022
RITES Ltd - 541556 - Link For Audio Recordings Of Post Results Conference Call
In furtherance to our letter dated July 27, 2022, we are enclosing link for audio recording of Conference Call held on July 29, 2022 to discuss Q1 Financial Results of the company for quarter ended on 30th June, 2022. Link for Audio Recordings of Post results Conference Call: https://dsnlcrm.com/recordings/109701/Q1FY23_Earnings_Call_of_Rites_Ltd_Conference_call_held_on_29.07.2022_at_11.00_Hrs_IST.mp329-07-2022
RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of financial results for the quarter ended on June 30th, 202229-07-2022
RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%
EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore29-07-2022
Miniratna stock fixes record date for first interim dividend of FY 2022-23
With a market capitalization of Rs. 6,255.06 crore, Rites Ltd. is a mid-cap business that operates in the construction and industrial sectors.28-07-2022
Q1FY23 Quarterly Result Announced for Rites Ltd.
Construction & Engineering firm RITES Announced Q1FY23 Result : RITES revenue rises 68.8% to Rs 637 crore RITES PAT rises 85.8% to Rs 145 crore RITES declares interim dividend of Rs 4 per share Consolidated Financials: Total Revenue stands at Rs 637 crore against Rs 377 crore in Q1FY22, up by 68.8% Operating Revenue stands at Rs 605 crore against Rs 355 crore in Q1FY22, up by 70.4% EBITDA stands at Rs 179 crore against Rs 97 crore in Q1FY22, up by 84.5% Profit After Tax stands at Rs 145 crore against Rs 78 crore in Q1FY22, up by 85.8% RITES operating revenue, excluding other income, is up by 70.4% at Rs 605 crore in Q1FY23 as against Rs 355 crore in Q1FY22. Total revenue was Rs 637 crore as against Rs 377 crore in Q1FY22. The increase in the total revenue was supported by continued momentum across all sectors and disciplined execution. EBITDA and PAT stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore, up by 84.5% and 85.8%, respectively, in Q1FY22. EBITDA and PAT margins were improved and stood at 29.7% and 22.7%, respectively. The growth in revenue and profits is attributable to all segments. Standalone Financials: Total Revenue stands at Rs 610 crore against Rs 359 crore in Q1FY22, up by 69.9% Operating Revenue stands at Rs 578 crore against Rs 333 crore in Q1FY22 up by 73.9% EBITDA stands at Rs 156 crore against Rs 78 crore in Q1FY22, up by 99.7% Profit After Tax stands at Rs 129 crore against Rs 70 crore in Q1FY22, up by 83.4% Declares Interim Dividend of Rs 4 per share Operating revenue, excluding other income, was up by 73.9% and stood at Rs 578 crore in Q1FY23 against Rs 333 crore in Q1FY22. Total standalone revenue was Rs 610 crore against Rs 359 crore in Q1FY22. EBITDA and PAT stood at Rs156 crore and Rs 129 crore against Rs 78 crore and Rs 70 crore, up by 99.7% and 83.4%, respectively, in Q1FY22. EBITDA and PAT margins were 27% and 21.2%, respectively. Commenting on the results, Mr. Rahul Mithal, Chairman and Managing Director, RITES Limited, said, “Surging Ahead: Our performance in Q1 shows that RITES continues to be on the path of a V-shaped recovery in sync with the rebound of the economy.” Result PDF28-07-2022