RailTel posts its Highest Ever Consolidated Income of Rs. 1628 Cr in FY 21-22

New Delhi: RailTel announced its highest ever consolidated income of Rs. 1628 Crore in its 132nd board meeting held on 24.5.2022. This is a growth of 15% over the consolidated income of Rs. 1411 Crore in FY 20-21. With this, RailTel has posted a Profit before tax amounting to Rs. 281 Crore and Profit after tax of Rs. 209 Cr. during the Financial Year 21-22 on a consolidated basis. The company registered revenue from operation of Rs. 466 cr. In Q4 which is an 11% increase over the preceding quarter and 8% higher on a Y-o-Y basis.

Talking about the future prospects of the company, Mrs. Aruna Singh, Chairman and Managing Director of RailTel said, “We currently have a very healthy order book of around Rs. 5800 cr. and we have been winning a multi crore orders consistently through competitive biddings as well. We are focused on getting more business and with covid situation slowly normalizing and expecting ease of semiconductor chip shortage a guidance of 20% growth in the topline is what we are aiming at for FY 23. We are also determined on delivering these orders on time to ensure customer satisfaction.”

About RailTel

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. Along with a strong a reliable network of 61000+ RKM of Optic fibre , RailTel has two MeitY empaneled tier III data centers as well. With its Pan India high-capacity network, RailTel is working towards creating a knowledge society at various fronts and has been selected for implementation of various mission-mode projects for the Government of India in the telecom field.