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Railway PSU Rites Records 16% Hike in Profit After Tax (PAT) In 2014-15

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RITES Ltd., Mini Ratna Enterprise under the Ministry of Railways has received highest ever Profit After Tax (PAT) of Rs. 306 crore during the year 2014-15, higher by 16% of previous year.

  • RITES Ltd., recorded Profit After Tax of Rs. 264 crore for the year 2013-2014.
  • The company has also recorded new heights in its core business of consultancy as well as loco leasing.
  • It has seen an increase of 31% from Rs. 593 crore to Rs. 776 crore during the year 2014-15.

Highest ever paid dividend:

  • The dividend payout for the year is Rs. 62 crore, which is 62% of the paid up share capital of the company. It is also the highest ever paid dividend by any company so far.

Rating:

  • The company has been consistently rated as “Excellent” in its MOU performance.

About RITES Ltd:

  • RITES – Rail India Technical and Economic Services
  • Established in 1974, under the Ministry of Railways
  • Head Quarters: Gurgaon, Haryana
  • Chairman: Rajiv Mehrotra