RailTel shares fall over 7% as Q3 profit and revenue decline sequentially
- Posted on January 28, 2025
- By Business News Today
- 4 Views
RailTel shares fall over 7% as Q3 profit and revenue decline sequentially
RailTel shares dropped 7.7% after a sequential 10% decline in Q3 net profit to Rs 65 crore. Revenue also fell by 9%, despite a 5% YoY profit increase. Telecom services revenue remained steady, but project work revenue decreased. Expenses reduced from the previous quarter, though the stock has seen a 22% YoY decline.
