RITES Limited has informed the Exchange that Board of Directors of the Company in its meeting held today i.e. Wednesday, 14th May, 2025 has inter-alia approved the following items:1. The Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31st March, 2025.2. Recommended Final Dividend of Rs. 2.65/- per share (i.e. 26.50%) on 48,06,03,774 equity shares of face value of Rs. 10 /- each of the Company for the financial year 2024-25, subject to approval of the same 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.3. Appointment of Shri Rajbir Sharma as an Additional Director (Independent Director) on the Board of the Company for a period of three years w.e.f. 14.05.2025 or until further orders, whichever is earlier in accordance with the Ministry of Railways, Govt. of India order no. 2024/PL/57/38 Pt-1 dated 13.05.2025
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Awaiting price reaction for this filing.
RITES Limited's board approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025. Standalone total income for FY25 stood at Rs. 2,243.16 crore (down from Rs. 2,438.92 crore in FY24), with profit after tax at Rs. 380.22 crore (down from Rs. 454.11 crore). Consolidated PAT for FY25 was Rs. 423.66 crore. The board recommended a final dividend of Rs. 2.65 per share, taking total FY25 dividends to Rs. 7.55 per share (including three interim dividends of Rs. 4.90 per share). The company also allotted 1:1 bonus shares in September 2024, doubling the share count to 48.06 crore shares. Additionally, Shri Rajbir Sharma was appointed as an Independent Director for three years, per a Ministry of Railways order.
Lower year-on-year profits despite higher Q4 standalone PAT may concern investors, though the healthy total dividend of Rs. 7.55 per share offers income support. The independent director appointment is routine and unlikely to move the stock.