RITES announces 1:1 bonus share; ₹2.5 interim dividend.

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    • Abstract:
      RITES Ltd., a business in India, has announced that it will issue one bonus share for each share owned by shareholders. This is the second time the company has issued bonus shares, with the previous issuance occurring in 2019. In addition to the bonus shares, RITES has declared an interim dividend of ₹2.5 per share. The company's net profit for the June quarter decreased by 24.4% compared to the previous year, and revenue decreased by 10.8%. The company's domestic consultancy business revenue fell by 5.3%, while abroad consultancy revenue fell by 53.6% and export sales decreased by 87%. At the time of the report, RITES shares were trading higher on the NSE. [Extracted from the article]
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