PSU Stock Railtel declares Q3 result, shares declines 3% amid net profit rises to Rs 65 crore
Revenue from operations surged 14.8% YoY to Rs 767.6 crore, up from Rs 668.4 crore in Q3 FY24.
PSU Stock Railtel declares Q3 result, net profit rises to Rs 65 crore, revenue rose 15%
State-run Railtel Corporation of India Ltd reported its financial results for the third quarter ended December 31, 2024, showcasing growth in net profit and revenue despite a decline in operating margins. The company's net profit increased by 4.7% YoY to Rs 65 crore compared to Rs 62.1 crore in the corresponding quarter of the previous year.
Revenue from operations surged 14.8% YoY to Rs 767.6 crore, up from Rs 668.4 crore in Q3 FY24. However, the company's EBITDA saw a 6.6% YoY decline, standing at Rs 121 crore as against Rs 129.7 crore in the previous year's quarter. Consequently, the EBITDA margin contracted to 15.8%, down from 19.4% in Q3 FY24.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : DVC Signs Power Purchase Agreement with HPPC in Panchkula, Haryana
Shares of RailTel Corp dropped over 3.4% in trade today, settling at Rs 351.15 per share. In the last one year, the stock has corrected more than 15%. The dividend yield stood at 0.57% and the market capitalization stood at Rs 11.25K crore.
Read Also : MOIL revised the date for declaring interim dividend for FY25