Railtel Corporation of India Ltd Q1FY24; 46% rise in Profits

RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a “Miniratna” PSE of the Government of India. At present, RailTel’s network passes through around 6,000 stations across the country, covering all major commercial centers.

Financial Results:

Railtel Corporation of India Ltd reported Revenues for Q1FY24 of ₹468.00 Crores up from ₹377.00 Crore year on year, a rise of 24.14%.

Total Expenses for Q1FY24 of ₹431.00 Crores up from ₹351.00 Crores year on year, a rise of 22.79%.

Consolidated Net Profit of ₹38.00 Crores up 46.15% from ₹26.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.20, up 48.15% from ₹0.81 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.