Rites Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Rites Ltd reported a 9.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.2%.
- Its expenses for the quarter were up by 5.2% QoQ and down 10.4% YoY.
- The net profit increased 32.6% QoQ and decreased 15.1% YoY.
- The earnings per share (EPS) of Rites Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 614.19 | 562.13 | 699.85 | 9.3% | -12.2% |
Total Expenses | 475.44 | 451.95 | 530.82 | 5.2% | -10.4% |
Profit Before Tax | 138.75 | 110.18 | 169.03 | 25.9% | -17.9% |
Tax | 34.62 | 28.78 | 42.06 | 20.3% | -17.7% |
Profit After Tax | 109.39 | 82.50 | 128.78 | 32.6% | -15.1% |
Earnings Per Share | 2.10 | 1.50 | 5.00 | 40.0% | -58.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Rites Ltd is a government-owned engineering consultancy company in the transportation infrastructure sector in India. Predominantly, it offers a wide range of services including design, consultancy, and project management across various modes of transport, such as railways, highways, airports, and ports. The company is known for its expertise in providing comprehensive engineering solutions, particularly in the field of rail transport. However, specific recent developments or strategic changes within the company are not available from the provided data.
Revenue
In the third quarter of FY25, Rites Ltd reported a total income of ₹614.19 crores. This reflects a quarter-over-quarter increase of 9.3% from ₹562.13 crores in Q2FY25. However, when compared to the same quarter of the previous fiscal year, Q3FY24, which recorded a total income of ₹699.85 crores, there is a noted year-over-year decline of 12.2%. This variation in revenue generation highlights fluctuations in the company's business activities over the fiscal periods considered.
Profitability
For Q3FY25, Rites Ltd achieved a profit before tax of ₹138.75 crores, marking a notable quarter-over-quarter improvement of 25.9% from ₹110.18 crores in Q2FY25. However, this figure represents a decline of 17.9% compared to the same period last year, Q3FY24, where the profit before tax was ₹169.03 crores. The profit after tax for Q3FY25 stood at ₹109.39 crores, which indicates a significant quarter-over-quarter growth of 32.6% from ₹82.50 crores in Q2FY25, albeit a decline of 15.1% year-over-year from ₹128.78 crores in Q3FY24. The tax expense for the third quarter of FY25 was ₹34.62 crores, showing an increase of 20.3% from the previous quarter but a decrease of 17.7% compared to the same quarter in the prior year.
Operating Metrics
Earnings Per Share (EPS) for Rites Ltd in Q3FY25 was reported at ₹2.10, which is an increase of 40.0% from the previous quarter's EPS of ₹1.50. Nevertheless, this figure is a significant reduction of 58.0% compared to Q3FY24, where the EPS was ₹5.00. This shift in EPS reflects underlying changes in the company's net earnings and shares outstanding over the periods compared. The total expenses for Q3FY25 were ₹475.44 crores, marking an increase of 5.2% from ₹451.95 crores in Q2FY25, and a decrease of 10.4% from ₹530.82 crores in Q3FY24. These figures suggest variations in the company's cost management and operational efficiency over the fiscal periods in question.
