Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 June 2023, the Government of India held 72.20% stake in the company.
The civil construction company's consolidated net profit declined 21.5% to Rs 108.01 crore on 10% decrease in Rs 544.35 crore in Q1 FY24 over Q1 FY23.
