Daily Morning News

RailTel shares are in the news today as the company net profit has risen by 25% in Q1.

RailTel stock closed flat at Rs 495.90 on Thursday, compared to the previous close of Rs 500.15 on the BSE. The company's market cap stood at Rs 15,915 crore.

Shares of RailTel Corporation of India are in the news today after the firm reported a 25.2% rise in Q1 net profit. RailTel reported a net profit of Rs 48.67 crore in the June 2024 quarter, up from Rs 38.39 crore in the June 2023 quarter. The company's revenue from operations rose 19.4% to Rs 558.1 crore, compared to Rs 467.6 crore in the same period of the previous fiscal year.

At the operating level, EBITDA climbed 14.8% to Rs 103.4 crore in the first quarter of this fiscal, up from Rs 90.1 crore in the year-ago period.

A total of 3.59 lakh shares of the firm changed hands, amounting to a turnover of Rs 17.90 crore in the previous session.

The stock has gained 40.52% this year and risen 180.72% in the past year. It reached a 52-week low of Rs 163.20 on August 14, 2023, and a 52-week high of Rs 618 on July 12, 2024.