RITES declares interim dividend of 75% amounting to Rs. 7.5 per share

The Board of Directors of RITES Ltd, (NSE: RITES, BSE: 541556) a leading Infrastructure Consultancy and Engineering company, at its meeting held today, has declared the third interim dividend Rs. 7.5 per share on face value of Rs. 10 each amounting to Rs. 180 crore (at the rate of 75% of paid-up capital).

The third interim dividend brings the company's total dividend for FY22 so far, to Rs. 13.5 per share amounting to Rs. 324 crore (at the rate of 135% of paid-up capital).

Standalone revenue of the company for the nine months of FY22 (QMFY22) has been Rs. 1896 crore and profit after tax has been Rs. 367 crore.

The record date for the purpose of payment of dividend is March 25, 2022.

Shares of RITES Limited was last trading in BSE at Rs. 246.45 as compared to the previous close of Rs. 249.95. The total number of shares traded during the day was 5555 in over 664 trades.

The stock hit an intraday high of Rs. 252.00 and intraday low of 244.45. The net turnover during the day was Rs. 1377339.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 3rdInterimDividend FY22