RailTel’s Consolidated Revenue from Operation for Q3of FY 20-21 grew by52% on Y-o-Ybasis

Sarkaritel
By Sarkaritel March 24, 2021 04:44

RailTel’s Consolidated Revenue from Operation for Q3of FY 20-21 grew by52% on Y-o-Ybasis


RailTel held its 121stBoard Meeting on 22nd March 2021. The company registered a total income of Rs. 418 cr in Q3which is 43% increase over preceding quarter and 50% higher on Y-o-Y basis. RailTel’s Consolidated Revenue from operations for third quarter ended 31st December 2020 stood at Rs. 411 cr registering a growth of 45% on Q-o-Q basis and 52% on Y-o-Y basis.

With this, RailTel has posted a Profit before Tax of Rs. 94 cr and Profit after Tax of Rs.70 cr which was higher by 135% and 141% respectively over the preceding quarter.The company has declared an interim dividend of Rs 1/- per share (10% of the paid-up share capital)

Talking about the future prospectus of the company, Shri Puneet Chawla, Chairman and Managing Director of RailTel said, “Covid 19 pandemic has compelled business to go digital. Our Retail broadband Service- RailWire, video conferencing service, IBW, VPN services has seen excellent traction and the trend is likely to continue. We have recently got a 153 cr order from Central Coalfields limited for MPLS VPN.

We have seen demand growth for our Data Centre business as well and with RailTel becoming a MeitY empanelled cloud service provider, we are expecting more business in this area as well.  We already have a recurring income of around 500 Cr plus and healthy order book of projects to be delivered over next 3-4 years.”

Sarkaritel
By Sarkaritel March 24, 2021 04:44