RailTel announced its consolidated income of Rs. 385 Crore in 1st quarter of FY 22-23 in its 134th board meeting held on 10th August, 2022.
More details:
- This is a growth of 22% over consolidated income of Rs. 315 Crore of 1st quarter of FY 21-22. With this, RailTel has posted a consolidated Profit before tax amounting to Rs. 35 Crore and Profit after tax of Rs. 26 Crore in 1st quarter of FY 22-23 on consolidated basis.
- This is a growth of 25% in Profit before tax and growth of 24% in Profit after tax in comparison to 1st quarter of FY 21-22.
Speaking about the result Ms. Aruna Singh, Chairman and Managing Director, RailTel said “it is very heartening to see the first quarter results, we have shown a very positive growth both in revenue and the bottom line. Considering the projects on hand such as video surveillance system, tunnel communication works and Defence sector projects I am very hopeful that we will close the year with even better results. I would like to thank the investors for showing faith in our company. I would also like to wish all our stakeholders a very happy 75th Independence Day”
About RailTel:
- RailTel, a “Mini Ratna (Category-I)” Central Public Sector Enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.
- Along with a strong and reliable network of 61000+ RKM of Optic fibre , RailTel has two MeitY empaneled tier III data centers as well. With its Pan India high-capacity network, RailTel is working towards creating a knowledge society at various fronts and has been selected for implementation of various mission-mode projects for the Government of India in the telecom field.
- RailTel offers a bundle of services like, MPLS-VPN, Telepresence, leased line, Tower Co-location, Data center services etc. RailTel is also working with the Indian Railways to transform railway stations into digital hubs by providing public Wi-Fi at railway stations across the country and total 6100+ stations are live with RailTel’s RailWire Wi-Fi.
Source: RailTel -Press Release | Image Credit (representational): RailTel
