RailTel shares in focus after Q1 profit jumps 36% YoY to Rs 66 crore
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Shares of RailTel Corporation of India will be in focus on Tuesday after the state-run telecom and infrastructure services provider reported a 36% year-on-year (YoY) rise in its consolidated net profit to Rs 66 crore for the June quarter, up from Rs 49 crore in the same period last year. Revenue from operations grew 33% YoY to Rs 744 crore, compared to Rs 558 crore in Q1 FY25. The profit after tax (PAT) is attributable to the company’s shareholders. However, on a sequential basis, RailTel’s performance declined sharply. PAT fell 42% from Rs 113 crore in the March quarter (Q4 FY25), while revenue dropped 43% from Rs 1,308 crore. The earnings were released after market hours. In Monday’s trade, RailTel shares closed 4.15% lower at Rs 378, down Rs 16.35. The company earned Rs 14 crore in other income compared to Rs 19 crore in the corresponding quarter of the last financial year and Rs 20 crore in Q4FY24. Live Events Segment revenue The tele...