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RITES reports 70% rise in Q4 net profit


RITES has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 70.18% in its net profit at Rs 131.82 crore for the quarter under review as compared to Rs 77.46 crore for the same quarter in the previous year. Total income of the company increased by 33.34% at Rs 761.84 crore for Q4FY19 as compared Rs 571.35 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 34.05% in its net profit at Rs 444.65 crore as compared to Rs 331.71 crore for the previous year. Total income of the company increased by 36.42% at Rs 2,164.17 crore for year under review as compared to Rs 1,586.35 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 37.35% in its net profit at Rs 489.77 crore as compared to Rs 356.59 crore for the previous year. Total income of the company increased by 35.65% at Rs 2,239.63 crore for year under review as compared to Rs 1,650.98 crore for year ended March 31, 2018.

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