Board Meeting4 Aug 2026, 01:42 pm
RITES Ltd Declares Interim Dividend, Approves Q1 FY27 Results
AI Summary
RITES Ltd's Board of Directors met on August 4, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company reported a Profit After Tax of ₹71.80 crores for the standalone entity. The Board also declared a first interim dividend of ₹1.40 per share for FY 2026-27, with a record date of August 10, 2026, and payment by September 2, 2026. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS). The company also noted the voluntary liquidation of a joint venture, IRSDC, and the write-off of an investment in an associate company, MMO - Metro Management Group Ltd.
Key Highlights
- Approved Q1 FY27 unaudited standalone and consolidated financial results.
- Declared first interim dividend of ₹1.40 per share for FY 2026-27.
- Record date for dividend payment set as August 10, 2026.
- Standalone Profit After Tax for Q1 FY27 stood at ₹71.80 crores.
- Noted updates on joint venture liquidation and associate investment write-off.
Price Impact
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