RailTel shares tumble 7% post Q1 earnings; brokerage maintains ‘Sell’ rating

Shares of RailTel Corporation of India tumbled 7% to Rs 467.2 in Monday’s trade on BSE after the company reported its June quarter results.

The company reported a net profit of Rs 48.67 crore for the quarter ended June 2024, up from Rs 38.39 crore in the year-ago period. It was an uptick of 27% on a year-on-year basis. However, on a sequential basis, it was a 37% decline over Rs 77.53 crore reported in Q4FY24.