RailTel has posted its financial results for the fourth quarter (Q4) FY2021.
The company registered a total income of Rs 14.11 billion during the year ended March 31, 2021. This is a growth of 21 per cent over consolidated income of Rs 11.66 billion in FY 19-20. The company registered a total income of Rs 4.40 billion in Q4 which is a 5 per cent increase over the preceding quarter and 8 per cent higher on Y-o-Y basis. RailTel’s consolidated revenue from operations for Q4 ended March 31, 2021, stood at Rs 4.30 billion registering a growth of 5 per cent on Q-o-Q basis and 9 per cent on Y-o-Y basis.
With this, RailTel has posted a profit before tax (PBT) amounting to Rs 1.97 billion and profit after tax (PAT) of Rs 1.42 billion during the FY2021 on a consolidated basis.
The board of directors have recommended a final dividend at the rate of 12 per cent of paid-up share capital (Rs 1.20 per share) for the financial year 2020-21. This final dividend is in addition to interim dividend of Rs 1 per share already paid by the company for the financial year 2020-21.
Talking about the future prospectus of the company, Shri 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 45,000 million 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.”
