Railtel gains on 23.4% jump in Q2 profit at Rs 68 crore

The earnings before interest, taxes, depreciation and amortisation stood at Rs 128.94 crore, up 15.96 percent from the year-ago period

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RailTel was trading almost 3 percent higher on October 27 morning, a day after the state-owned railway company reported a 23.4 percent growth in profit in the September quarter of the current financial year.

RailTel reported a net profit of Rs 68.15 crore and a revenue growth of 40 percent at Rs 599.2 crore, the company said in a regulatory filing on October 26.

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Net sales were up 40.94 percent at Rs 599.15 crore. Earnings before interest, taxes, depreciation and amortisation stood at Rs 128.94 crore, up 15.96 percent from Rs. 111.19 crore in the last fiscal.

Also read: G20 Summit: 3,600 mandays invested for IT infra: RailTel

RailTel is a state-owned telecom infrastructure provider with a focus on developing a nationwide broadband telecom and multimedia network in all parts of the country in addition to modernisation of train operations and administration network systems.

Earlier this month, RailTel bagged an order worth Rs 68 crore for the design, supply, installation, testing, commissioning, and operations and maintenance of data centre and disaster recovery centre for Integrated Command and Control Centre for Jammu Smart City Limited.

At 10.28 am, the stock was trading at Rs 223.5 on the National Stock Exchange, up 2.64 percent from the previous close. Over the last six month, the stock has rallied more than 98 percent.

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