RailTel net profit rises 60% to Rs 70 crore in December quarter

RailTel Corporation of India on Monday reported a 60.4 per cent rise in its consolidated net profit at Rs 69.6 crore for the quarter ending December 31, 2020. It was Rs 43.23 crore in the same period last year.

The revenue from operations rose by 51.85 per cent to Rs 410.6 crore as against Rs 270 crore in the same period last year.

The Board has declared an interim dividend at the rate of 10 per cent of paid-up share capital, which comes to about Rs 1 per share.

The total expenses of the company increased to Rs 323 crore for the quarter