Q1'FY24: RailTel announces Y-O-Y growth of 24% in first quarter

New Delhi: RailTel has announced its consolidated Operating Income of Rs. 468 Crore in Q1 of FY 23-24 which is a handsome year-on-year growth of 24 percent. The company announced Q1 results in its 141st Board Meeting held on July 27, 2023 here. RailTel has posted a YOY growth of 24 percent in total consolidated revenue with Rs 483 Crores in Q1 of FY'24 as against Rs 385 Cr in Q1 of FY'23.

The Profit Before Tax (PBT) in Q1 of FY'24 is Rs 51 Crores as against Rs 35 crores in Q1 of FY23., registering a YOY growth of 46 percent. Total Profit After Tax for Q1 of FY24 stands at Rs 38 crores as against Rs 26 Crore PAT of Q1 of FY'23.

Commenting on the Q1'FY24 results of RailTel, Chairman and Managing Director Sanjai Kumar said, “Operationally the company has been consistently performing with growth in revenue with healthy profits. The company has bagged new orders of Rs 1632 Cr in last six months maintaining a robust orderbook of Rs 4492 Cr".

"With greater emphasis on project execution ,the company has visibility of substantial growth in operating Income in coming quarters”, the CMD added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)