fertics (aed BER wT afrSrA) &

V/] FAILED ier ee of Govt. of India) THE INFRASTRUCTURE PEOPLE

Date: August 12, 2020

To: To:

Listing Department, Corporate Relationship Department,

National Stock Exchange of India Limited, | BSE Limited, Rotunda Building, ‘Exchange Plaza’, C-1, Block G, Bandra - | P J Towers, Dalal Street, Fort,

Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051

Scrip Code- RITES Scrip Code- 541556

Sub: Newspaper Publication on financial results for the quarter ended on June

30, 2020

Dear Sir/ Madam

Please find enclosed herewith extracts of Unaudited Financial Results (standalone & consolidated) for the quarter ended on June 30, 2020 published in Financial Express (English Version) and Jansatta (Hindi version) on August 12, 2020.

Kindly take the same on your record.

Thanking you,

Yours faithfully, For RITES Limited

(Ashish Srivastava) Company Secretary & Compliance Officer Membership No.: 5325

eRe arate: wee Aa Ao, 1, Veer—-zo, Ysia—-122 001 (IRA) Vorporate Oftice: RITES Bhawan, No. 1, Sactor-29, Gurgaon-122 001 (INDIA) Usa artes: eete AR, wef ore, faeeti—110 092. (ATA) Registered Office: SCOPE Minar, Laxmi Nagar, Oelhi-110 092, (INDIA)

GRAM: (Tel.): (0124) 2571666, Hae (Fax): (0124) 2571660, ¢—*eat (E-mail) info @rites.com yore (Website): www.rites.com

CIN : L74899DL1974G01007227

pani

teae

n,

» ity of power and water, infra-

structure and connectivity. At the same time, the focus is also on promoting high value add and cutting edge industries to be future proof. The 10 sectors in focus include niche areas like toysandfurniture,footwearand leather, machinery and preci- sion equipment, aerospace and defence,among others.

The policy envisages imple- menting industrial zoning to ensure a planned industrial development and to provide a ‘risk-free’ investment-friendly environment for setting up and operating industries in the state and minimise the impact on vo

Roper f Mates ot:

Post-Covid fillip: State G Decetamenra.

4

ST refunds for longer

periods central to UP's new industrial policy DEEPA JAINANI

Lucknow, August 11

IN ABID to give a fillip to the state’s economy and provide employment to migrant work- force that has returned in the wake of Covid-19 lockdown, the Uttar Pradesh cabinet has announced an accelerated investment promotion policy for the backward regions of Purvanchal (eastern UP), Madhyanchal (central UP)

Revenue from Operations

Income

Total Revenue Net Tax*

Net Profit’ After Tax*

Total Comprehensive Income

Income

Equity Share

Other Earning per share

Basic

Diluted

ee 2015, as amended from time to time.

Place : Gurugram Dated : 11° August, 2020

ee. @

[Comprising Profit’ (Loss) (after tax) and

Other

* There were no Exceptional items during the period.

** EPS js not annualized for the quarter ended June 30, 2020, March 31, 2020 & June 30, 2019.

The above is an extract of the detailed format of Quarterly financial results filed with Stock exchanges under Regulation 33 of the SEBI (Listing obligations and Disclosure

Requirements) Regulations, 2015. The full formats of the Quarterly financial results are

available on the Stock exchange websites www.nseindia.com, www.bseindia.com

and on company’s website www.tites.com.

3. The Financial Results of the company/group have been prepared in accordance with

the indian Accounting Standards (Ind AS) as prescribed under section 133 of the

Companies Act, 2013 read with Companies (indian Accounting Standard) Rules,

2.41

241

5.26

5.26

4. The Company/Group has considered the possible effects that may result from COVID-19

in preparation of financial results including carrying amount of assets and liabilities.

The reduction in operating turnover other than export is mainly due to COVID-19

pandemic. However the Company/Group does not expect any material impact on the

carrying amount of assets and liabilities. The Company/Group will continue to closely

monitor any material changes in future economic conditions due to COVID-19.

5. The Company/Holding Company opted to exercise the option permitted under section

115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment)

Act, 2019 and has taken 25.168% rate of Corporate Tax in its accounts. Accordingly,

the Company/Holding Company has recognized provision for income tax for the

RITES LIMITED (A Government of India Enterprise)

CIN: L74899DL1974G01007227

EXTRACT OF UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30" JUNE, 2020

519.22 |

553.51

141.04

92.62

89.52

200.00

~ oo

oO

10.The figures for the previous period have been regrouped /reclassified, wherever

Perce rear RSM CCMRS HO UTE IALec UN CE Lia Le

inae| Gap Dolls 1 Fe Pt

and Bundelkhand. The policy, which aims to

accelerate the pace of industri- alisation in these regions, would provide attractive incentives to industrial units for creating growthcentresintheseareason a fast-track mode.

According to the policy, those setting up industries underthis schemein Madhyan- chal would be eligible for 70% reimbursement of net state goods and services tax (SGST)

for 12 years subject to 200% of capitalinvestment madeduring the policy period. Units set up in

- Purvanchal and Bundelkhand would be eligible for 70% reim- bursement of net SGST for 15

years subjectto 300% of capital investment made during the policy period. The current investment and employment promotion policy provides fora net SGST reimbursement of 70% to eligible industrial units for 10 years only. wK

2,400.57

05

822.61

596.39

589.32

250.00

3.70

3.70

23,86 23,86

oe

%10/- each.

31, 2019 which are subjectto limited review.

necessary. For & on behalf of the Board of Directors

Chairman & Managing Director/ Chief Executive Officer

the paid up share capital of the company/holding comprising of 25 crore equity shares of ¢ 10/- each. Accordingly, as per requirement

of Ind AS 33, the basic and diluted earning per share for all the periods presented

has been computed on the basis of new number of shares i.e.,25 crore equity shares of

The Company/Holding Company has signed shareholder agreement on 21 .05.2020

for acquiring 24% stake in indian Railway Stations Development Corporation (IRSDC)

for ¥ 48 crore (4.80 crore equity shares of € 10/- each), with Rail Land Development

Authority (RLDA) and IRCON International being the other equity partners.

_ In July 2020, Company/Holding Company exited from BNV Gujarat Rail Private Limited

(joint venture company) by transferring its shares to other joint venture partner.

. Figures for the quarter ended 31" March, 2020 are the balancing figures between

audited figures of the full financial year and the figure for nine months ended December

MRITES THE INFRASTRUCTURE PEOPLE

(in crores except EPS)

2,474.41

0

2,734.51

874.35

633.26

626.16

250.00

company increased to % 250 crore.

(Rajeev Mehrotra)

DIN: 01583143

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