RailTel announced its Consolidated Income of Rs. 462 Crore in 3rd quarter of FY 22-23 with the growth of 5% QOQ in its 137th Board Meeting held on 31st January 2023.
More Details:
- The Company has posted a growth of 17% in revenue over 9 months of FY23 in comparison to corresponding period of FY 22. The Company has achieved EBITDA margin of 17% in Q3.
- With this, RailTel has posted a Profit Before Tax (PBT) amounting to Rs 43 Crore and Profit After Tax (PAT) of Rs 32 Crore during Q3 of FY 22- 23 on consolidated basis.
- In the 9 months of the current FY, RailTel has posted total profit after tax of Rs. 113 crore.
Talking about the result, Shri Sanjai Kumar, Chairman and Managing Director of RailTel said, “We are doing well in this weak market scenario with consistent growth in operational revenue and have been posting healthy profits. Right now, we have a very healthy order book of Rs. 4700+ cr which is steadily translating into revenue in coming quarters in a phased manner. Our target segment, which is the domestic market, augurs well for our Company due to the growing digitization needs of our country.”
About RailTel:
- RailTel, a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, is one of the largest neutral telecom infrastructure & ICT Solutions & Services 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 centres 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 6108+ stations are live with RailTel’s RailWire Wi-Fi.
Source: RailTel- Press Release | Image Credit (representational): RailTel
