Monday 16th May 2022

RailTel posts Consolidated Income of Rs 474.15 Crore in Q3 of FY 21-22

Feb 15th, 2022 7:15 pm | By | Category: LATEST NEWS

Puneet Chawla,
CMD
RailTel Corporation limited.


(THE NEWSMAN OF INDIA.COM)
In its 127th board meeting held on 14.2.2022 RailTel Corporation of India Ltd., a CPSU under Ministry of Railways, has announced consolidated income of Rs 474.15 Crore in the Q3 of FY22 thereby registering a Q-o-Q growth of 24.38% over consolidated income of Rs. 381.09 Crore in the Q2 of FY22.
With this, RailTel has posted a Profit Before Tax (PBT) amounting to Rs 88.14 Crore and Profit After Tax (PAT) of Rs 66.01 Crore during the third quarter of Financial Year 2021-22 on consolidated basis. In the 9 months of the current FY, RailTel has posted total revenue of Rs. 1140 cr which is a 17.28% growth over the 9 months of FY 20-21.

Talking about the result, Puneet Chawla, Chairman and Managing Director of RailTel said, “We are doing fairly well in this weak market scenario and have been posting profit consistently. If I compare the first nine months result of current FY with FY 20-21, our PAT has grown by 34.78% and EBITDA (Earning Before Interest Tax Depreciation and Amortization) by 17.82%. Right now we have a very healthy order book of Rs. 5400+ cr which will translate in our books in coming quarters in phased manner. Currently the focus is on digitization which is boosting our B2B as well as B2C business. Our retail boardband service RailWire have reached 4.6 lakh subscribers and we are targetting for 5 lakh subscribers and more than Rs 280 Cr turnover by end of Mar’22. We are also focussing on our network and infrastructure expansion and upgradation. This will help us expanding our clientle as well serving the extising ones better. We have been maintaining positive result even despite 3 waves of pandemic since 2020. We are confident about continuing this momentum in future as well. ”

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