This small-cap Miniratna company reported 40 per cent increase in Q4 net profit!

Consolidated net sales at Rs 714.84 crore, up 51 per cent YoY.

As the season of financial results is on, RailTel Corporation of India Ltd has reported results for the fourth quarter that ended on March 31 2023.   

In comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 40.01 per cent to Rs 76.04 crore from Rs 54.31 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 50.98 per cent to Rs 714.84 crore from Rs 473.48 crore in the similar quarter the year prior.  

The company reported a 9.51 per cent decline in net profit for the year ended March 31, 2023, from Rs 208.95 crore to Rs 189.08 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's total revenue climbed by 26.94 per cent, reaching Rs 2002.20 crore for the year under review as compared to Rs 1577.33 crore for the year ended March 31, 2022.  

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In the last trading session scrip closed at Rs 120.90 and today it opened at Rs 123.50. Currently, it is trading at Rs 121.45 and till now 17,630 shares were traded over the counter at BSE. The company has a market cap of around Rs 3,800 crore and it has a 52-week high of Rs 148.70 and a 52-week low of Rs 87.45. 

RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network to modernize the train control operation and safety system of Indian Railways. It is a ‘Miniratna’ PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centres.