Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 16, 2021

RailTel Q2 Review - Expects 25% Revenue Growth In FY22: ICICI Securities

RailTel Q2 Review - Expects 25% Revenue Growth In FY22: ICICI Securities
A commuter uses a mobile phone while travelling by train in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
STOCKS IN THIS STORY
Railtel Corporation of India Ltd
--

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

RailTel Corporation of India Ltd.'s Q2 FY22 net profit at Rs 675 million was much better with 29% YoY revenue growth in telecom services and reversal of expected credit loss provisioning.

Consistent delivery of 25-30% Ebit margin in telecom services is key to watch.

Project revenues did not accelerate during H1 FY22 due to lack of execution, but RaiTel is hopeful for H2 FY22.

RailTel has guided for at least 25% higher revenues in FY22 as growth momentum is expected to continue even on the high base of H2 FY21 with a strong pipeline of projects.

Orderbook remains healthy at Rs 50 billion and has grown by 25% since listing.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

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.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search