RailTel net profit goes up by 26% to Rs 78 crore in Q4 of FY'24

New Delhi: RailTel announced its operating income of Rs 833 crore in Q4 of FY 2023-24 registering a sequential growth of 25 percent QoQ in its 146th Board Meeting held on Thursday. The company has posted a total income of Rs 852 crore in Q4 of FY 2023-24.

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The company posted Rs 102 crore profit before tax (PBT) in Q4 of FY’24 as against Rs 84 crores in the previous quarter, registering a 21 percent QoQ growth. The company has posted profit after tax (PAT) of Rs 78 crore in Q4 of FY'24 as against Rs 62 crore in previous quarter registering a QoQ growth of 26 percent.

For the year ended on March 31, the company achieved a total income of Rs 2622 crores and net profit of Rs 246 crores registering a growth of 31 percent in turnover and profits, as compared to last year.

Talking about the results, RailTel's Chairman and Managing Director (CMD) Sanjai Kumar said, “operationally the company has been performing consistently with an impressive growth of 25 percent on QoQ basis in its operating Revenue. For Financial year 2023-24 also the growth in revenue and net profit has been quite encouraging at 31 percent. With healthy order book, the company has visibility of substantial growth in operating Income in coming quarters.”

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