RailTel Corporation of India has released its financial results for the financial year ended March 31, 2022. The consolidated income of RailTel stood at Rs 16.28 billion in financial year 2021-22, registering a growth of 15 per cent over consolidated income of Rs 14.11 billion in FY 20-21. Also, during the financial year ended March 31, 2022, RailTel records the highest ever consolidated income.
The company posted a profit before tax (PBT) amounting to Rs 2.81 billion. Meanwhile, the profit after tax (PAT) for the company stood at Rs 2.09 billion during the financial year 2021-22 on consolidated basis.
Besides, the company registered a revenue from operation of Rs 4.66 billion during fourth quarter (Q4) ended March 31, 2022, witnessing a 11 per cent increase over preceding quarter and 8 per cent higher on year-on-year (Y-o-Y) basis.
Commenting on the financial results, Aruna Singh, chairman and managing director, RailTel, said, “We currently have a very healthy order book of around Rs 58 billion and we have been winning a multi orders consistently through competitive biddings as well. We are focused on getting more business and with Covid situation slowly normalising and expecting ease of semiconductor chip shortage a guidance of 20 per cent growth in the topline is what we are aiming at for FY’2022-23. We are also determined on delivering these orders on time to ensure customer satisfaction.”
