Tuesday 23rd April 2024

RITES Declares it’s Financial Results

Aug 11th, 2020 9:17 pm | By | Category: LATEST NEWS

Rajeev Mehrotra,

NEW DELHI: Hit by Covid-19 pandemic RITES on Tuesday reported a nominal decline in its consolidated profit in the quarter ending June. The railways’ consultancy firm had posted a consolidated profit of Rs 102 crore in the corresponding quarter of previous fiscal, it said in a regulatory filing to the BSE.

Rajeev Mehrotra, Chairman and Managing Director, RITES Limited said: “Despite pandemic conditions, the results of the company for the quarter are satisfactory. We quickly resumed operations at various locations which enabled us to maintain revenue streams and margins.”

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