RailTel has announced its financial results for quarter ended June 30, 2024, in its 148th board meeting held on August 1, 2024. The company’s operating income stood at Rs 5.58 billion during quarter ended-June 2024, a growth of 19 per cent over the corresponding quarter in 2023.
The company’s revenue increased by 20 per cent from Rs 4.83 billion during quarter ended June 2023 to Rs 5.78 billion in the corresponding quarter in 2024. Profit before tax (PBT) increased by 30 per from Rs 510 million to Rs 670 million during the same period. Meanwhile, profit after tax (PAT) increased from Rs 380 million to Rs 490 million.
Commenting on the announcement, Sanjai Kumar, chairman and managing director, RailTel, said, “Operationally the company has been consistently performing with growth in revenue with healthy profits. The company has bagged new orders of Rs 15.25 billion in last six months maintaining a robust orderbook of Rs 46.82 billion. With greater emphasis on project execution, the company has visibility of substantial growth in operating income in coming quarters.”
