RITES net profit falls 30% to Rs 105 cr in October-December period

Railways' consultancy firm RITES Ltd on Wednesday reported 30 per cent decline in consolidated net profit at Rs 105.31 crore for the quarter ended December 31, 2020. Total revenue during the quarter declined to Rs 480.08 crore as against Rs 663.47 crore in the year-ago period. "Working towards post-pandemic economic growth, the company has maintained its focus on project execution, sustaining margins, and consolidation of order book," said Rajeev Mehrotra, Chairman and Managing Director, RITES.