RailTel announced its consolidated income of Rs. 440 Crore in the 2nd quarter of FY 22-23 in its 136th Board Meeting held on 10.11.2022. This is a growth of 14% over consolidated income of Rs. 385 Crore for 1st quarter of FY 22-23. Consolidated income for half year ended 30/09/2022 is Rs 825 Crore as against income of Rs.696 Crore for the corresponding period of the previous financial year.
RailTel has posted a consolidated Profit before tax amounting to Rs. 74 Crore and Profit after tax of Rs. 55 Crore in 2nd quarter of FY 22-23 as compared to Rs 35 Crore PBT and Rs 26 Crore PAT in Q1 of FY 22-23. There is a growth of 111% in Profit before tax and a growth of 112% in Profit after tax in comparison to 1st quarter of FY 22-23.
Speaking about the results, Sanjai Kumar, Chairman & Managing Director, RailTel expressed happiness that RailTel has recorded growth both in income as well as profit with a growth of 14% in income in Q2 vis-vis Q1 and 112% growth in PAT in Q2 vis-àvis Q1 in FY23. I would like to thank all the stakeholders for their faith in our company.