RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%

EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore

The Indian Railways’ export arm and infrastructure consultancy RITES Ltd declared its April-June quarter results for 2022-23 (Q1FY23), where the company’s profit after tax grew 85.8 per cent to Rs 145 crore.

Operating revenue, excluding other income, is up by 70.4 per cent at Rs 605 crore in Q1FY23 as against Rs 355 crore in Q1FY22. Total revenue was Rs 637 crore as against Rs 377 crore in Q1FY22. The increase in the total revenue was supported by continued momentum across all sectors and disciplined execution, a company statement said, adding that this is RITES' highest ever operating revenue in the