RailTel announces total Income of Rs 675 Crore in Q3 of FY 23-24
Author: BI Bureau
New Delhi: RailTel, a "Mini Ratna (Category-I)" Central Public Sector Enterprise, has reported a robust financial performance in the third quarter of the fiscal year 2023-24, with an operating income of Rs. 668 Crore, marking a remarkable 47% year-on-year (YOY) growth and a 12% quarter-on-quarter (QOQ) increase. The company's total income for Q3 FY 24 stands at Rs. 675 Crore. Notably, RailTel has achieved a Profit Before Tax (PBT) of Rs. 84 Crore in Q3 FY 24, demonstrating a substantial 95% YOY growth compared to the corresponding period in the previous year, which recorded Rs. 43 crores. The Profit After Tax (PAT) for Q3 FY 24 is Rs. 62 Crore, reflecting a significant 94% YOY growth from Rs. 32 Crore in the same period of the previous year.
For the nine months ending on December 31, 2023, RailTel has accomplished a total income of Rs. 1770 Crore, registering a substantial 38% YOY growth. The total PAT for the same period is Rs. 169 Crore, indicating an impressive 50% YOY growth.
Sanjai Kumar, Chairman and Managing Director of RailTel, expressed satisfaction with the company's operational consistency, highlighting a noteworthy 12% QoQ growth and a substantial 47% YOY growth in Operating Revenue for Q3. He emphasized the encouraging growth in Operating Revenue and PAT for the nine-month period of FY 24. With a healthy order book, RailTel anticipates substantial growth in operating income in the upcoming quarters. /BI/
