RailTel Corporation of India has released its financial results for the quarter ended (QE) September 30, 2023, during its board meeting held on October 26, 2023. The company’s consolidated income during the quarter stood at Rs 6.13 billion. The operating income was Rs 5.99 billion, a 40 per cent year-on-year (YoY) growth and 28 per cent quarter-on-quarter (QoQ) growth.
Further, the company posted Rs 900 million profit before tax (PBT) in Q2 FY24 as against Rs 511 million in Q1 FY24, registering a 76 per cent QoQ growth. Profit after tax (PAT) of the company stood at Rs 680 million during the reported quarter, as against Rs 380 million during the previous quarter, a QOQ growth of 79 per cent.
For the half year ended September 30, 2023, RailTel achieved a total income of Rs 10.96 billion and a total PAT of Rs 1.08 billion, registering a 33 per cent YoY growth in both.
Commenting on the results, Sanjai Kumar, chairman and managing director, RailTel said, “Operationally, the company has been performing consistently with an impressive growth of 28 per cent on QoQ basis in operating revenue and 76 per cent QoQ growth in PBT during this quarter. I am happy that the company has declared an interim dividend of Re 1 per share. With a healthy order book, the company has visibility of substantial growth in operating income in coming quarters.”