Friday, June 24, 2022

RailTel posts its highest-ever income of Rs 1628 crore in FY’22

RailTel announced its highest ever consolidated income of Rs 1,628 crore in its 132nd board meeting held on May 24

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New Delhi: Minirtana Railway PSU, RailTel Corporation has announced its highest ever consolidated income of Rs 1,628 crore in its 132nd board meeting held on May 24, 2022.  This is a growth of 15 percent over the consolidated income of Rs 1,411 crore in FY 2020-21.

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and a profit after tax of Rs 209 crore. during the financial year 2021-22 on a consolidated basis. The company registered revenue from operation of Rs 466 crore. In Q4 which is 11 percent increase over the preceding quarter and 8 percent higher on a Y-o-Y basis.

Talking about the future prospects of the company, RailTel’s Chairman & Managing Director (CMD) Aruna Singh said, “We currently have a very healthy order book of around Rs 5,800 crore and we have been winning multi-crore orders consistently through competitive biddings as well. We are focused on getting more business and with the COVID-19 situation slowly normalizing and expecting ease of semiconductor chip shortage guidance of 20 percent growth in the top line is what we are aiming at for FY 23. We are also determined on delivering these orders on time to ensure customer satisfaction.”

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