Q3FY23: RailTel posts consolidated income of Rs 462 crore; declares dividend

New Delhi: RailTel announced its consolidated income of Rs 462 crore in 3rd quarter (Q3) of FY 2022-23 with the growth of 5 percent Quarter on Quarter (QoQ) in its 137th Board Meeting held on Tuesday. The company has posted a growth of 17 percent in revenue over 9 months of FY'23 in comparison to the corresponding period of FY'22. The company has achieved an EBITDA margin of 17 percent 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 2022- 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, RailTel's Chairman and Managing Director (CMD) Sanjai Kumar 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 over Rs 4700 crore which is steadily translating into revenue in coming quarters in phased manner. Our target segment, which is domestic market, augurs well for our company due to growing digitization needs of our country."

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