Railway PSU RailTel Corporation of India on Thursday reported a 3% rise in profit after tax to Rs 77.53 crore for the January-March quarter of 2023-24 compared to Rs 75.24 crore in the same period of the previous year.
The Mini Ratna company under the Railway Ministry reported a total income of Rs 852 crore for the last quarter of 2023-24 against Rs 707.29 crore in the year-ago period, according to an exchange filing.
Sanjai Kumar, Chairman and Managing Director of RailTel, said, “Operationally the company has been performing consistently with an impressive growth of 25% on QoQ basis in its operating revenue."
“For Financial year 2023-24 also the growth in Revenue and PAT has been quite encouraging at 31%. With healthy order book, the company has visibility of substantial growth in operating income in coming quarters,” Kumar added.
For the year ended on March 31, 2024, the company achieved a total income of Rs 2,622 crore and a total PAT of Rs 246 crore, registering a growth of 31% in turnover and profits, compared to last year.
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