Stock Report

RITES Ltd posts consolidated PAT of Rs. 129.57 crore in Q2



Posted On : 2020-11-10 16:31:33( TIMEZONE : IST )

RITES Ltd posts consolidated PAT of Rs. 129.57 crore in Q2

RITES Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.499.66 crores during the period ended September 30, 2020 as compared to Rs.376.36 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.129.57 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.62.76 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.5.18 for the period ended September 30, 2020 as compared to Rs.2.51 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 499.66 crs₹ 376.36 crsUp Tick 32.76%
Net Profit₹ 129.57 crs₹ 62.76 crsUp Tick 106.45%
EPS₹ 5.18₹ 2.51Up Tick 106.37%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.499.66 crores during the period ended September 30, 2020 as compared to Rs.887.85 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.129.57 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.232.57 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.5.18 for the period ended September 30, 2020 as compared to Rs.9.30 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 499.66 crs₹ 887.85 crsDown Tick -43.72%
Net Profit₹ 129.57 crs₹ 232.57 crsDown Tick -44.29%
EPS₹ 5.18₹ 9.30Down Tick -44.3%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.876.02 crores during the 6 months period ended September 30, 2020 as compared to Rs.1456.79 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.192.33 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.330.51 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.7.69 for the 6 months period ended September 30, 2020 as compared to Rs.13.22 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 876.02 crs₹ 1456.79 crsDown Tick -39.87%
Net Profit₹ 192.33 crs₹ 330.51 crsDown Tick -41.81%
EPS₹ 7.69₹13.22Down Tick -41.83%

Shares of RITES Ltd was last trading in BSE at Rs.242.95 as compared to the previous close of Rs. 242.7. The total number of shares traded during the day was 16059 in over 1275 trades.

The stock hit an intraday high of Rs. 244.35 and intraday low of 242. The net turnover during the day was Rs. 3902892.

Source : Equity Bulls

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