RITES Limited has informed the Exchange regarding a press release dated September 23, 2025, titled " 51st AGM: RITES approves Final Dividend of Rs.2.65/share dated September 23, 2025.".
RITES · price
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RITES Limited held its 51st AGM on September 23, 2025, where shareholders approved a final dividend of ₹2.65 per share for FY2024-25, in addition to three interim dividends of ₹4.90 per share already paid, taking the total dividend to ₹7.55 per share (₹363 crore) and a payout ratio of 95.4% of earnings. The record date for the final dividend was September 17, 2025. For FY25, RITES reported consolidated revenue of ₹2,324 crore (down from ₹2,539 crore in FY24) and Profit After Tax of ₹424 crore (down from ₹495 crore). The consultancy segment led with ₹1,133 crore in revenue, followed by turnkey at ₹797 crore and leasing at ₹150 crore.
The high dividend payout of ₹7.55/share signals strong cash returns to shareholders, which is positive for income-focused investors, though the decline in both revenue and profit suggests earnings headwinds. The stock may see near-term support from the dividend announcement, but underlying business growth remains a concern.