{"id":594595,"date":"2023-07-31T12:34:35","date_gmt":"2023-07-31T07:04:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=594595"},"modified":"2023-07-31T12:34:35","modified_gmt":"2023-07-31T07:04:35","slug":"rites-q1-results-revenue-down-10-to-rs-563-crore-ebitda-at-rs-161-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rites-q1-results-revenue-down-10-to-rs-563-crore-ebitda-at-rs-161-crore\/","title":{"rendered":"RITES Q1 Results: Revenue down 10% to Rs 563 crore, EBITDA at Rs 161 crore"},"content":{"rendered":"<p>RITES, a prominent Transport Infrastructure Consultancy and Engineering firm, has disclosed its standalone and consolidated financial results for the first quarter of FY24. During this period, the company experienced a 10% decline in operating revenue on a consolidated level, reaching 544 crore.<\/p>\n<p>The total revenue also saw a decrease, falling from 637 crore in Q1FY23 to 563 crore in Q1FY24. The EBITDA and PAT stood at 161 crore and 120 crore, respectively, maintaining stable margins of 29.6% and 21.3%. This dip in income can be attributed to reduced exports and lower revenue from quality assurance services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RITES, a prominent Transport Infrastructure Consultancy and Engineering firm, has disclosed its standalone and consolidated financial results for the first quarter of FY24. During this period, the company experienced a 10% decline in operating revenue on a consolidated level, reaching 544 crore. The total revenue also saw a decrease, falling from 637 crore in Q1FY23 to 563 crore in Q1FY24. The EBITDA and PAT stood at 161 crore and 120 crore, respectively, maintaining stable margins of 29.6% and 21.3%. This dip in income can be attributed to reduced exports and lower revenue from quality assurance services.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,264,138],"tags":[],"class_list":["post-594595","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=594595"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594595\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}