RailTel Corporation of India Limited, owned by Indian railways came out with its third-quarter results for the financial year 2021-2022 on Tuesday. It reported a jump of 24.68 per cent on a quarter-on-quarter basis in its consolidated income at Rs 474.15 crore.
According to the regulatory filing, consolidated net profit was down by 4 per cent at ₹66 crore in the December quarter from ₹69 crore as in the year-ago period. RailTel has stationed a total revenue of Rs 1140 crore which is a 17.28 per cent boost over the 9 months of 2020-21.
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The state-owned company has posted a consolidated profit after tax (PAT) of Rs 66.01 crore and a consolidated profit before tax (PBT) at Rs 88.14 crore during the third quarter of Financial Year 2021-22. The company’s revenue from operations stood at Rs 417 crore for the third quarter against ₹410 crore in the corresponding period of the last year.
Chairman and Managing Director of RailTel Puneet Chawla stated, “We have done fairly well in this weak market scenario and have been posting profit consistently. If I compare the first nine months’ result of the current FY with FY 2020-21, our PAT has grown by 34.78 per cent and Earnings Before Interest Tax Depreciation and Amortization (EBITDA) by 17.82 per cent.
The shares of the company closed at Rs 105.65 apiece at a decline of 0.94% today on the national stock exchange.