Wednesday 26th January 2022

RailTel’s Q2 PBT jumps by 225% Q-o-Q, posts Consolidated Income of Rs 381 Crs. in Q2

Nov 12th, 2021 8:14 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
In its 126th board meeting held on 11.11.2021 RailTel announced consolidated income of Rs 381 Crore in the Q2 of FY 21-22 thereby registering a Y-o-Y growth of 30% over consolidated income of Rs. 292 Crore in the second quarter of FY 20-21. With this, RailTel has posted a Profit before tax amounting to Rs 91 Crore and Profit after tax of Rs 67 Crore during the second quarter of Financial Year 2021-22 on consolidated basis. The company has also shown growth of PBT of 225% and EBITDA growth of 96% on Q-o-Q basis.

Talking about the future of the company, Puneet Chawla, Chairman and Managing Director of RailTel said, “We have posted a healthy Q-o-Q growth of 21% and our order books currently stand at Rs. 4400 cr. We have been getting new multi crore orders despite the weak market scenario. We have executed AI based projects from Education sector and HMIS for Indian Railways. Based on the experience from these projects, we are positive about getting more similar projects from these two sectors. We are also exploring new work avenues like Tunnel Radio communication for which we already have 3 projects at a total cost of Rs 138 Cr and the technology we are using is a first for Indian Railways. We are executing connectivity, maintenance, data centre and NOC projects for the defense sector. We are also working with National Forensic Science University for development of solution for strategic sector. We are going to play a crucial role in village connectivity through the use of our rural POPs at 5000 rural Wi-Fi stations and the PM WANI project, we have registered as a PDOA, made 6065 Wi-Fi stations WANI compliant, and developed ‘RailTel Wi-Fi’ app. We intend to play a major role in modernizing train control through execution of KAVACH (Train Collision Avoidance system) over LTE/4G communication backbone. ”

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