BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
RailTel Corporation of India Ltd.'s Q1 FY23 Ebitda was up 12% YoY, but down 30% QoQ, to Rs 670 million. It was impacted by lower billing in telecom services, higher cost of equipment due to chip-set issues and lower-margin defence project execution.
RailTel believes telecom revenue should sequentially improve and project revenue should see a good jump with acceleration in execution, particularly on the video surveillance system project for railways.
RailTel has guided for 20% growth in both revenue and Ebitda for FY23. Project revenue is guided at Rs 8 billion-9 billion for FY23 with Ebit margin of 8-8.5% versus Rs 1 billion and 3.9% in Q1 FY23.
Telecom services margin should benefit from lower equipment prices on better chip-set availability. Rail display network and content on demand projects should partly add to Ebitda in H2 FY23 while towers and Edge-DC will start contributing from H2 FY24.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
