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Revenue from operations stood at Rs 668.36 crore in Q3 FY24, registering a growth of 47.11% from Rs 454.32 crore reported in the same period a year ago.
On the segmental front, telecom services revenue was Rs 328.82 crore (up 14.63% YoY) while that from project work services was Rs 339.54 crore (up 102.76% YoY) for the period under review.
Profit before tax soared 95.27% year on year (YoY) to Rs 84.24 crore in the quarter ended 31 December 2023.
Total expenses spiked 40.93% YoY to Rs 419.03 crore in Q3 FY24. Expenses on project stood at Rs 317.35 crore (up 105.05%) while employee benefits expenses were at Rs 55.02 crore (up 13.58% YoY) during the period under review.
Meanwhile, the telecom company informed that it has received work order from Navodaya Vidyalaya Samiti for supply & implementation of integrated infrastructure & IT solutions under PM Shri Scheme in JNVs Schools amounting to Rs 162.73 crore. The project is to be executed in 180 days from the date of issue of signing of the agreement.
RailTel a "Mini Ratna (Category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.
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