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RailTel posts total Income of Rs 613 Crs in Q2 of FY 23-24

Oct 27th, 2023 6:54 pm | By | Category: LATEST NEWS

(THE NEWSMAN OF INDIA.COM) RailTel Corporation of India Ltd., a Miniratna PSU under Ministry of Railways, announced its Operating Income of Rs. 599 Crore in Q2 of FY’ 23-24 with 40% YOY growth and with 28% QOQ growth in its 142ND Board Meeting held on 26th October 2023.The Company has posted a total income of Rs 613 Cr in Q2 of FY 24.

The Company posted Rs 90 Crore Profit Before Tax (PBT) in Q2 of FY’24 as against Rs. 51 crores in Q1 of FY’24, registering a 76% QOQ growth. As regards Profit After Tax (PAT), the Company has posted Rs 68 Cr in Q2 of FY 24 as against Rs. 38 Crore in Q1 of FY’24, registering a QOQ growth of 79%.

For the half year (H1) ended on 30/09/2023 ,the company achieved a total Income of Rs 1096 crores and a total PAT of Rs. 108 crores registering a 33% YOY growth in both.

Talking about the results, Sanjai Kumar, Chairman and Managing Director of RailTel said, “Operationally the Company has been performing consistently with an impressive growth of 28% on QoQ basis in Operating Revenue and 76% QoQ growth in Profit before tax during this quarter. I am happy that the Company has declared an interim dividend of Rupee One (Re.1/-) per share. With healthy order book, the company has visibility of substantial growth in operating Income in coming quarters”.

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 61000+ 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 6108 stations are live with RailTel’s RailWire Wi-Fi.

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