Railtel's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Railtel for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 440.09 | 39.25 | 482.73 | 26.95 | 612.82 |
| Expenses (₹crs.) | 366.05 | 42.7 | 431.27 | 21.12 | 522.36 |
| Net Profit (₹crs.) | 55.2 | 23.37 | 38.39 | 77.52 | 68.15 |
| Margin (%) | 12.55 | -1.43 | 7.95 | 3.17 | 11.12 |
REVENUE:
Railtel reported a total income of ₹612.82 crores for Q2FY24, showcasing substantial growth with a remarkable 26.95% increase sequentially. The year-on-year comparison also reveals a robust upswing, with revenue surging by 39.25% compared to Q2FY23.
EXPENSES:
Expenses for Railtel in Q2FY24 amounted to ₹522.36 crores, marking a notable increase of 21.12% compared to the preceding quarter. On a year-on-year basis, the company's expenses grew by 42.7%.
NET PROFIT:
The net profit for Q2FY24 was ₹68.15 crores, demonstrating substantial growth and reflecting a substantial increase of 77.52% compared to the preceding quarter, Q1FY24. On a year-on-year basis, the company's net profit showed a commendable rise of 23.37%.
MARGINS:
Railtel's margin in Q2FY24 was 11.12%, indicating a positive trend. This figure reflects a 3.17% increase compared to the preceding quarter. Year-on-year, the company's margin exhibited decline, with a -1.43% decrease compared to Q2FY23.
In conclusion, Railtel's financial performance in Q2FY24 showcases impressive revenue growth, a significant rise in net profit a slight decline in yoy margins is noticed.
Stay tuned for more detailed updates on Railtel's financial performance in the coming quarters.