One 97 Communications announced a net profit of ₹122.50 Crore for the first time since listing, supported by higher income.
The company announced an operating EBITDA of ₹1,603 Crore, registering a marginal decline of 1% year-on-year.
Prior to the current release, credit growth had moderated and raised concerns over whether the RBI’s jumbo 50bps rate cut was enough.
However, the company announced an EBITDA of ₹39.60 Crore. This was 16.20% lower than the previous corresponding period.
Revenue during the period stood at ₹1,652.5 crore. This is up 9.1% year-on-year.
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This development comes just a week after RailTel landed another order, this time from Bharat Sanchar Nigam Ltd. (BSNL), valued at ₹166.38 crore (taxes included).

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