RailTel Corporation of India Limited has announced its financial results for the fourth quarter (Q4) of the financial year 2023-24 (FY24) during its 146th board meeting held on May 2, 2024.
The company has posted a total income of Rs 8.52 billion in Q4 FY 24. The company’s operating income stood at Rs 8.33 billion in Q4 FY24 registering a sequential growth of 25 per cent quarter-on-quarter (QoQ). Further, the company posted Rs 1.02 billion profit before tax (PBT) in Q4 FY24 as against Rs 840 million in previous quarter, registering a 21 per cent QoQ growth. Meanwhile, the company’s profit after tax (PAT) stood at Rs 780 million in Q4 FY 24 as against Rs 620 million in previous quarter registering a QoQ growth of 26 per cent.
For the year ended on March 31, 2024, the company achieved a total income of Rs 26.22 billion and total PAT of Rs 2.46 billion registering a growth of 31 per cent in turnover and profits, as compared to last year.
Commenting on the results, Sanjai Kumar, chairman and managing director, RailTel, said, “Operationally the company has been performing consistently with an impressive growth of 25 per cent on QoQ basis in its operating revenue. For FY24 also the growth in revenue and PAT has been quite encouraging at 31 per cent. With healthy order book, the company has visibility of substantial growth in operating income in coming quarters.”
