Tuesday, October 4, 2022

RailTel logs 24% growth in PAT in Q1 FY 2022-23

RailTel has posted a consolidated Profit Before Tax (PBT) of Rs 35 crore and Profit After Tax (PAT) of Rs 26 crore in Q1 of FY22-23 on consolidated basis

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New Delhi: RailTel has posted a consolidated Profit Before Tax (PBT) of Rs 35 crore and Profit After Tax (PAT) of Rs 26 crore in Q1 of FY22-23 on consolidated basis. This is a growth of 25 percent in PBT and growth of 24 percent in PAT in comparison to the corresponding quarter of FY21-22. The Mini Ratna PSU’s consolidated income is at Rs 385 crore in Q1 of FY22-23, the company said in its 134th board meeting held on Wednesday. This is a growth of 22 percent over the consolidated income of Rs 315 crore in Q1 of FY21-22.

Commenting on the result Aruna Singh, Chairperson and Managing Director (CMD) of RailTel said, “It is very heartening to see the first quarter results, we have shown a very positive growth both in revenue and the bottom line. Considering the projects on hand such as video surveillance system, tunnel communication works and Defence sector projects, I am very hopeful that we will close the year with even better results. I would like to thank the investors for showing faith in our company. I would also like to wish all our stakeholders a very happy 75th Independence Day.”

RailTel a Mini Ratna (Category-I) PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns and cities and rural areas of the country. Along with a strong a reliable network of 61,000+ 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 the implementation of various mission-mode projects for the government in the telecom sector. 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 hub by providing public Wi-Fi at railway stations across the country and a total of 6,100+ stations are live with RailTel’s RailWire Wi-Fi.

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