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Railtel Corporation of India reports 94% rise in Q3 net profit

25 Jan 2024 Evaluate

Railtel Corporation of India has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 94.49% rise in net profit at Rs 62.14 crore for the quarter ended December 31, 2023 as compared to Rs 31.95 crore for the same quarter in the previous year. Total income of the company increased by 46.01% at Rs 674.81 crore for Q3FY24 as compared Rs 462.17 crore for corresponding quarter of the previous year.

RailTel Corporation 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 1760.80
Vodafone Idea 12.58
Indus Towers 377.35
Tata Communications 1679.95
Railtel Corp. India 255.50
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