New Delhi: Public sector engineering consultancy firm RITES Limited, under the Ministry of Railways, has approved a final dividend of ₹2.65 per share for the financial year 2024–25. The announcement was made during the company’s 51st Annual General Meeting (AGM) held on Tuesday via video conferencing and other audio-visual means (OAVM).
The record date for the final dividend payout has been set for September 17.
Dividend Summary for FY 2024–25
The ₹2.65/share final dividend adds to the three interim dividends totaling ₹4.90/share paid earlier in the year, bringing the total dividend for FY’25 to ₹7.55 per share, amounting to a payout of approximately ₹363 crore.
This translates to a dividend payout ratio of 95.4% of the company’s earnings for the fiscal year — underlining RITES’ commitment to shareholder returns despite a challenging business environment.
Financial Performance Overview
RITES reported a Profit After Tax (PAT) of ₹424 crore in FY 2024–25, compared to ₹495 crore in FY 2023–24. The company’s consolidated revenue stood at ₹2,324 crore, slightly lower than the ₹2,539 crore posted in the previous fiscal.
- Operating Revenue (Excl. Other Income): ₹2,218 crore (↓ from ₹2,453 crore in FY’24)
- Consultancy Segment: ₹1,133 crore
- Turnkey Projects: ₹797 crore
- Leasing Business: ₹150 crore
Despite facing macroeconomic and industry-specific headwinds, the company maintained strong financials and continued to deliver consistent value to shareholders.
CMD Rahul Mithal on the Road Ahead
In his address to shareholders, CMD Rahul Mithal reflected on the company’s resilience and forward-looking strategy:
“FY 2024–25 was not just a year of challenges; it was the year we reset, rebuilt, and reaffirmed our place in a rapidly evolving infrastructure world. Our journey ahead is about more than providing solutions – it’s about asking the questions that lead to lasting impact. Because we don’t just shape infrastructure – we shape what shapes lives.”
RITES continues to focus on diversifying its service offerings and expanding globally, while staying committed to core areas like transportation infrastructure consultancy, project management, turnkey solutions, and leasing.
