New Delhi, Oct 27: RailTel announced its Operating Income of Rs. 599 Crore in Q2 of FY’ 23-24 with 40% YOY growth and with 28% QOQ growth in its 142ND Board Meeting held on 26th October 2023.The Company has posted a total income of Rs 613 Cr in Q2 of FY 24.
The Company posted Rs 90 Crore Profit Before Tax (PBT) in Q2 of FY’24 as against Rs. 51 crores in Q1 of FY’24, registering a 76% QOQ growth. As regards Profit After Tax (PAT), the Company has posted Rs 68 Cr in Q2 of FY 24 as against Rs. 38 Crore in Q1 of FY’24,registering a QOQ growth of 79%.
For the half year (H1) ended on 30/09/2023 ,the company achieved a total Income of Rs 1096 crores and a total PAT of Rs. 108 crores registering a 33% YOY growth in both.
Talking about the results, Sanjai Kumar, Chairman and Managing Director of RailTel said, “Operationally the Company has been performing consistently with an impressive growth of 28% on QoQ basis in Operating Revenue and 76% QoQ growth in Profit before tax during this quarter. I am happy that the Company has declared an interim dividend of Rupee One (Re.1/-) per share. With healthy order book, the company has visibility of substantial growth in operating Income in coming quarters”.
