The shares of one of the largest telecom infrastructure providers gained 1.3 percent to an all-time high price of Rs 296.30 per share after the company received an order of Rs 52.87 crore from Gujarat Informatics Limited
According to Railtel exchange filing, the Company received the work order from Gujarat Informatics Limited for Supply, Installation and Operations and Maintenance of State Wide Surveillance and ITMS Projects across the state of Gujarat under a flagship program called “Video Integration and State Wide Advance Security-VISWAS”- Phase-II.With an estimated revenue of Rs 52.87 crore for 5 years.
At 11:21 a.m., On the National Stock Exchange, Railtel Corporation of India Ltd shares were trading at Rs 290.80 a share, down 0.41 percent from the previous close price. The company has a market capitalization of Rs 9,337 crore.
The company shares have delivered a return of 136 percent in the last six months and 109 percent in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.36 lakhs in six months and Rs 2.09 lakhs in a year.
Over the years the company’s revenue has increased by 41 percent, from Rs 425 crore in Q2FY23 to Rs 599 crore in Q2FY24. In the same time frame, the company’s net profit has increased by 24 percent, from Rs 55 crore to Rs 68 crore.
In the recent financial year, the company has exhibited better margins with a net profit margin of 9.62 percent and an operating margin of 13.23 percent.
According to the latest shareholding pattern, company promoters hold 72.84 percent of the company, Domestic Institutional Investors hold 3.54 percent, and retail investors hold a 22.14 percent stake.
RailTel, a “Mini Ratna (Category-I)” Central Public Sector Enterprise. Railtel is one of the country’s primary neutral telecom infrastructure providers., The company facilitates co-location for equipment of telecom operators at railway stations and also provides broadband and VPN services.
Written by Omkar Chitnis
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