During its 146th Board Meeting on May 2nd, RailTel announced that its operating income had reached Rs 833 crore in Q4 of FY 2023-24, registering a sequential growth of 25 per cent QoQ. Thus, its net income has risen to Rs 852 crore in Q4 of FY 2023-24.
Explaining the quantum of this achievement, Mr. Sanjai Kumar, the incumbent Chairman and Managing Director (CMD) of RailTel, said, “Operationally the company has been performing consistently with an impressive growth of 25 per cent on QoQ basis in its operating Revenue. For the Financial year 2023-24 also the growth in revenue and net profit has been quite encouraging at 31 per cent. With a healthy order book, the company has visibility of substantial growth in operating income in coming quarters.”
For the FY that year ended on March 31st, the PSU achieved a net income of Rs 2622 crores and net profit of Rs 246 crores, registering a growth of 31 per cent in turnover and profits!
