RailTel Corp stock gains ~1% on robust Q3 numbers

16 Feb 2022 , 01:23 PM

Railtel Corporation stock traded on a steady note on Wednesday after announcing its financial performance for the quarter ending December 2021 (Q3FY22). 

The company’s was trading at Rs106.35, up by 95 paise of 0.90% against its previous closing price of Rs105.40 on BSE. It touched day’s high and low of 107.60 and Rs105.55 respectively.

The company reported a sequential 24% rise in its consolidated income at Rs474.15 crore for Q3FY22. The company reported a PBT of Rs88.14 crore for the quarter ended December 2021, and PAT of Rs66.01 crore, up by 34.78% yoy.

Railtel has posted total revenue of Rs1,140 crore for the 9M ended December 2021, registering a growth of 17.28% yoy over the last 9M period.

The company has been maintaining positive results despite pandemic outbreaks. The company is confident that this growth momentum will be followed.

Railtel Corporation of India focuses on providing VPN and broadband services under the ownership of Indian Railways, Ministry of Railways, GOI.