Railtel Corporation of India reports 23% rise in Q2 net profit

Railtel Corporation Of India Ltd. | Telecommunication - Service Provider | Telecom | BSE: 543265 | NSE: RAILTEL

27 Oct 2023 Evaluate

RailTel Corporation of India has reported results for second quarter ended September 30, 2023 (Q2FY24).

The company has reported 23.37% rise in its net profit at Rs 68.15 crore for Q2FY24 as compared to Rs 55.24 crore for the same quarter in the previous year. Total income of the company increased by 39.25% at Rs 612.82 crore for Q2FY24 as compared Rs 440.09 crore for the corresponding quarter previous year.

RailTel Corporation of India a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.

Peers

Company Name	CMP
Bharti Airtel	1832.00
Vodafone Idea	14.96
Indus Towers	387.65
Tata Communications	1763.25
Railtel Corp. India	259.85
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