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RailTel posts its Highest Ever Consolidated Income of Rs. 1411 Cr in FY 20-21 Company’s Consolidated income grows 21% Y-O-Y

Jun 28th, 2021 6:28 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
RailTel announced its highest ever consolidated income of Rs. 1411 Crore in its 122nd board meeting held on 25.6.2021. This is a growth of 21% over consolidated income of Rs. 1166 Crore in FY 19-20. With this, RailTel has posted a Profit before tax amounting to Rs. 197 Crore and Profit after tax of Rs. 142 Crore during the Financial Year 2020- 2021 on consolidated basis.

The company registered a total income of Rs. 440 Crore in Q4 which is 5% increase over preceding quarter and 8% higher on Y-o-Y basis. RailTel’s Consolidated Revenue from operations for fourth quarter ended 31st March 2021 stood at Rs. 430 Crore registering a growth of 5% on Q-o-Q basis and 9% on Y-o-Y basis.

Talking about the future prospectus of the company,Puneet Chawla, Chairman and Managing Director of RailTel said, “Digital Transformation of Businesses has become imperative as a result of Covid 19 pandemic. We have seen substantial growth in our Retail broadband Service- Rail Wire, HD videoconference, Data Centre, IBW, VPN services and the trend is likely to continue. We have around Rs 4500 Crore order book on the back of new orders. We are also focusing on the Heath, Education sectors and providing IoT, AI, based solutions to clients. Overall, RailTel is on a growth trajectory and we are committed to keep on posting higher revenue growth each year.”

About RailTel
RailTel a “Mini Ratna (Category-I)” Central Public Sector Enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. Along with a strong a reliable network of 59500+ RKM of Optic fibre , RailTel has two MeitY empaneled tier III data centers as well. With its Pan India high-capacity network, RailTel is working towards creating a knowledge society at various fronts and has been selected for implementation of various mission-mode projects for the Government of India in the telecom field. RailTel offers a bundle of services like, MPLS-VPN, Telepresence, leased line, Tower Co-location, Data center services etc. RailTel is also working with the Indian Railways to transform railway stations into digital hub by providing public Wi-Fi at railway stations across the country and total 6020+ stations are live with RailTel’s RailWire Wi-Fi.

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