RailTel Posts Its Highest Ever Consolidated Income Of Rs 1,628 Crore in FY 21-22

RailTel has announced its highest ever consolidated income of Rs 1,628 crore in its latest board meeting. This is a growth of 15 per cent over consolidated income of Rs 1,411 crore in FY 20-21.

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and profit after tax of Rs 209 crore during the FY 21-22 on consolidated basis.

The company registered a revenue from operation of Rs 466 crore. In Q4 which is 11 per cent increase over preceding quarter and 8 per cent higher on Year-on-Year basis.

Talking about the future prospects of the company, RailTel Chairman and Managing Director Aruna Singh said, “We currently have a very healthy order book of around Rs 5,800 crore and we have been winning multi-crore orders consistently through competitive biddings as well."

She further said, "We are focused on getting more business and with covid situation slowly normalising and expecting ease of semiconductor chip shortage, a guidance of 20 per cent growth in the topline is what we are aiming at for FY'23. We are also determined on delivering these orders on time to ensure customer satisfaction.”

Also Read: PM-WANI: RailTel Launches PM Wi-Fi Access Network Interface Scheme At 100 Rail Stations