RITES Ltd , a leading transport infrastructure consultancy and engineering company, has reported its financial results for the quarter ended June 30. The company saw improvements in its financial performance and declared an interim dividend.

Financial Highlights

On a standalone basis, RITES posted revenue from operations of ₹455.73 crore and a net profit after tax of ₹66.65 crore. The consolidated figures show revenue from operations at ₹489.74 crore and a net profit after tax of ₹90.89 crore.

Dividend Declaration

The Board of Directors has declared a first interim dividend of ₹1.30 per share (13% of paid-up share capital). The record date for the purpose of payment of this interim dividend is set for August 12.

New Appointment

The Board has appointed M/s Agarwal S. & Associates as Secretarial Auditor for a period of five years, subject to shareholder approval.

Earnings Per Share

RITES reported basic earnings per share of ₹1.39 on a standalone basis and ₹1.67 on a consolidated basis.

Future Outlook

RITES continues to leverage its expertise in transport infrastructure consultancy and engineering to drive growth. The company's financial performance and dividend declaration suggest a positive outlook for its operations.

RITES Limited , a leading transport infrastructure consultancy and engineering company, has announced significant changes in its senior management structure, effective August 1, 2025. The company has appointed a new Regional Head for its Eastern Regional Project Office (ERPO) in Kolkata, marking a transition in its leadership team.

Key Management Changes

• Retirement: Shri Rajiv Kumar Sinha, who served as General Manager (GM) Civil and Regional Head of ERPO, Kolkata, has retired from the company effective July 31, 2025.
• New Appointment: Shri Alok Bansal, GM (Civil), has been designated as the new Regional Head-ERPO, Kolkata, taking over the role from August 1, 2025.

About Shri Alok Bansal

Shri Alok Bansal brings a wealth of experience to his new role:

• Over 22 years of multidisciplinary professional experience
• Holds a postgraduate degree in Civil Engineering from the prestigious Indian Institute of Science, Bangalore
• Joined RITES Limited on December 31, 2024
• Previously worked as Senior Deputy General Manager (DGM) at Bharat Heavy Electricals Limited (BHEL)

Implications for RITES Limited

This management change comes as part of RITES Limited's ongoing efforts to strengthen its leadership team. The appointment of Shri Alok Bansal as the Regional Head of ERPO, Kolkata, is expected to bring fresh perspectives and extensive industry experience to the company's operations in the eastern region.

The company has officially notified the National Stock Exchange of India Limited and BSE Limited about these changes in compliance with regulatory requirements. RITES Limited continues to focus on enhancing its capabilities in transport infrastructure consultancy and engineering services.

As RITES Limited navigates through these leadership transitions, stakeholders will be keen to observe how these changes might influence the company's strategic direction and operational efficiency in the coming months.