Q4FY23 results: RailTel's net profit decreases by 10.5% to Rs 189.08 cr in FY23

New Delhi: State-owned RailTel Corporation of India Limited's net profit on a consolidated basis dipped to Rs 189.08 crores in FY23 from Rs 208.95 crores in FY22, registering a decline of 10.5 percent on a y-o-y basis. However, on q-o-q basis, it increased from Rs 54.31 crores in Q3FY23 to Rs 76.04 crores in Q4FY23, registering an increase of 40.01 percent.

The company's revenue from operations increased from Rs 1,548.45 crores in FY22 to Rs 1,963.51 crores in FY23, registering an increase of 26.8 percent on an annual basis. On a q-o-q basis, the company's revenue from operations increased from Rs 465.53 crore in Q3FY23 to Rs 703.63 crores in Q4FY23, registering an increase of 51.14 percent.

RailTel's total expenses for FY22 stood at Rs 1,347.21 crores in FY22 to Rs 1,745.35 crores in FY23, registering an increase of 29.55 percent. On a q-o-q basis, the total expenses increased from Rs 413.9 crore in Q3FY23 to Rs 648.29 crores in Q4FY23.

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