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.

 

ParticularsQ2FY23(Y-o-Y) % changeQ1FY24(Q-o-Q) % changeQ2FY24
Total Income (₹crs.)440.0939.25482.7326.95612.82
Expenses (₹crs.)366.0542.7431.2721.12522.36
Net Profit (₹crs.)55.223.3738.3977.5268.15
Margin (%)12.55-1.437.953.1711.12

 

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.

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