The shares of one of the leading Navratna PSU specialized in offering a wide range of services including data communication, network management, system integration, and more jumped 6 percent, after receiving a new work order worth Rs. 17.13 crores from Navodaya Vidyalaya Samiti
Price action
With a market capitalization of 11,274 Crores on Wednesday, the shares of Railtel Corporation of India Ltd, trading at Rs. 366 up by 5.6 percent after making a high of Rs 370.80 compared to its previous closing price of Rs 351.40.
What happened
Railtel Corporation of India Ltd has received a new domestic work order worth Rs 17.13 Crores from Navodaya Vidyalaya Samiti for Procurement and Maintenance of IT Infrastructure projects is to be completed by July 27, 2025.
Navodaya Vidyalaya Samiti (NVS), is an autonomous organization under the Ministry of Education, Department of School Education & Literacy.
About the company
Railtel Corporation of India Ltd one of the leading PSU stock under the Ministry of Railways specializes in providing broadband and telecom services to various sectors and they operate and leverage the extensive infrastructure of Indian Railways to deliver reliable telecommunications and broadband connectivity across the country.
Segment’s Revenue FY23-24
Railtel Corporation of India Ltd segment revenue is distributed across two services as follows: Telecom services segment revenue grew from Rs. 1,169.4 crores in FY23 to Rs. 1,265.4 crores in FY24 and Project work services grew from Rs. 787.8 crores in FY23 to Rs. 1,302.3 crores in FY24.
Financials (Q3 Resuls)
The company’s Revenue from operations grew by 14.8 percent YoY from Rs. 668.3 Crores in Q3FY24 to Rs. 767.6 Crores in Q3FY25 and it fell by 8.9 percent QoQ from Rs. 843.4 Crores in Q2FY25 to Rs. 767.6 Crores in Q3FY25.
Its Net Profit rose 4.6 percent YoY from Rs. 62.1 Crores in Q3FY24 to Rs. 65.0 Crores in Q3FY25 and it fell by 10.4 percent QoQ from Rs. 72.6 Crores in Q2FY25 to Rs. 65.0 Crores in Q3FY25.
Written by Sridhar J
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