RailTel's Consolidated Revenue from Operation for Q3 of FY 20-21 grew by 52% on Y-o-Ybasis

RailTel held its 121st Board Meeting on 22nd March 2021. The company registered a total income of Rs. 418 er in Q3 which 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 er 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 er and Profit after Tax of Rs.70 er 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."

Source : Equity Bulls

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