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 Q3 FY23 Ebitda grew 5% YoY to Rs 0.7 billion and was impacted by expected credit loss provision of Rs 210 million. Telecom services revenue growth has been healthy at 16% YoY; however, company has reduced Ebit margin guidance for telecom services to 20-25% (earlier: 25-28%).
Project revenue was disappointing at Rs 4 billion for nine months-FY23 (versus guidance of Rs 10 billion for FY23), and was impacted by lower chip availability. It expects to book Rs 4 billion of revenue from projects in Q4 FY23.
Railtel has seen increased competitive intensity in project business, both from government entities and private companies.
Therefore, Railtel has shifted its strategy from chasing margin-based contracts to volume based which can help in growing absolute Ebit in projects business. The company has cut project business Ebit margin guidance to 7- 8%.
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.
