RITES Ltd records a consolidated net profit of ~Rs144cr in Q4FY20

The consolidated net profit declined by ~4% yoy in the March quarter of FY20.

Jun 30, 2020 04:06 IST India Infoline News Service

Quarterly Results
RITES Ltd. announced its quarterly results on June 30, 2020. The consolidated net sales in Q4FY20 stood at Rs570.7cr, which declined by 22.59% yoy from Rs737.26cr in Q4FY19.

EBITDA stood at Rs163.56cr in Q4FY20 that decreased by 10.02% yoy. For Q4FY19, it posted EBITDA of Rs181.78cr. EBITDA margin as of Q4FY20 was at 28.66% that increased by 4% yoy against the same quarter, the previous year.

The consolidated net profit in Q4FY20 came in at Rs143.93cr that declined by 4.29%, as compared to Q4FY19 when it reported Rs150.38cr. The net profit margin in Q4FY20 came in at 25.22% that increased by 4.82% yoy. The net profit margin for Q4FY19 was at 20.4%.

The stock closed at Rs246.2 with a gain of 3.14% on BSE.

Particulars Q4FY20
 (Rs in cr)
Q4FY19
 (Rs in cr)
% VAR
Net Sales 570.70 737.26 -22.59
Operating Profit 163.56 181.78 -10.02
Net Profit 143.93 150.38 -4.29
EBITDAM% 28.66 24.66 4
PATM% 25.22 20.4 4.82

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