Rites Ltd posts 18.5% jump in net profit for Q1 FY2018-19 to Rs 820.5 mn

Indian Railway arm Rites Ltd has posted an 18.5 per cent increase in net profit for the first quarter of the financial year 2018-19 to Rs 820.5 million, compared to Rs 692.3 million during the April to June quarter of the previous financial year.  

The company’s revenue for the period under review remained almost flat at Rs 3.7 billion, despite a decrease of Rs 700 million in export revenue. This increase in net profit was achieved on better performance by consultancy segment, domestic leasing and turnkey projects kept their momentum and a rise in other income by Rs 200 million.

“Proactive business