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RITES' Consolidated Profit Slips in Fiscal Q4

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RITES' (NSE:RITES, BOM:541556) consolidated attributable profit declined to 1.30 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.33 billion rupees a year ago.

Earnings per share contracted to 2.70 rupees from 2.76 rupees a year earlier, the transport and infrastructure company said in a filing to the Indian stock exchanges.

Revenue from operations in fiscal Q4 increased to 7.68 billion rupees from 6.02 billion rupees a year ago.

The company's board recommended a final dividend of 2.75 rupees per share of face value of 10 rupees each for the fiscal year ended March 31.

The company's shares were down nearly 2% in recent trade.

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