RITES approves final dividend, reports resilient financials despite revenue dip

RITES Limited announced today that its 51st annual general meeting (AGM) has approved a final dividend of ₹2.65 per share for FY2024-25. This payout supplements three interim dividends totaling ₹4.90 per share already distributed, bringing the total dividend for the financial year to ₹7.55 per share. The record date for the final dividend is set for September 17, 2025.

For FY2025, RITES reported a consolidated revenue of ₹2,324 crore, a decrease from ₹2,539 crore in FY2024. Operating revenue, excluding other income, stood at ₹2,218 crore, down from ₹2,453 crore in the previous fiscal year. Despite these headwinds, the company achieved a profit after tax of ₹424 crore, compared to ₹495 crore in FY2024.

The consultancy business remained the primary revenue driver at ₹1,133 crore, while the turnkey and leasing segments contributed ₹797 crore and ₹150 crore, respectively. Chairman & managing director Rahul Mithal emphasized that FY2025 was a year of strategic recalibration, reaffirming RITES' position in the evolving infrastructure landscape.