RITOS records a 14.5% increase in earnings

CHENNAI RITES Ltd, a transport infrastructure consultant and engineering company , has reported an increase in the network profit by 14.5% to Rs 93 crore in the 4th of June .

The company's revenues have increased 50.3% to Rs 554 million rupees, while operating revenues, excluding other revenues, have increased 67.2% to Rs 519 million rupees.

EBITDA has increased by 16.6% in Rs 151 crore in this first quarter of 2019.

Commenting on the results, Rajeev Mehrotra, chairman and managing director, RITES Limited, said, “We have continued our growth journey in the first quarter of FY20. All the segments have shown continuous growth in revenue, profit ability and as a result, we have been able to maintain healthy sustainable margins.”

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