
State-owned RITES Ltd reported a slight decrease of 1.59 percent in its consolidated net profit for the March quarter, amounting to Rs 136.67 crore, due to a drop in revenues. The company had posted a profit of Rs 138.89 crore during the same period last year, according to an exchange filing. Total income fell to Rs 667.68 crore in the January-March period, down from Rs 705.63 crore in the corresponding period a year ago. The board has declared a dividend of Rs 5 for the financial year 2023-24. Rahul Mithal, CMD of RITES Ltd, speaks to Business Today TV's Sakshi Batra on Q4 performance, the transportation sector, and the outlook for FY25.