Rs 4,500 crore order book: This miniratna PSU company bags a major order worth Rs 78.58 crore; reports an impressive jump in net profit!

Shares of the company gained more than 50 per cent in the last six months.

On August 02, 2023, Railtel Corporation of India Limited informed in the exchange filing that the company has bagged a major work order from the centre for railway information systems for procurement of cloud infrastructure for the Next Generation Passenger Reservation System (PRS) of Indian Railways. The order is worth Rs 78.58 crores.

The company recently announced results for the first quarter ended June 30, 2023 (Q1FY24). The revenue of the company for Q1FY24 stood at Rs 467.73 crore which grew by 24.08 per cent YoY. The operating profit of the company stood at Rs 89.27, growing 18.73 per cent YoY while the PAT of the company grew by 48.51 per cent YoY staying at Rs 38.39 crore.

Railtel Corporation of India Ltd is engaged in the business of information and communications technology (ICT) infrastructure providers and is one of the largest neutral telecom infrastructure providers in India.

Today, the stock opened at Rs 169.80, with a high and low of Rs 176.40 and Rs 168.40. The stock previously closed at Rs 169.80. The stock is currently trading at Rs 172.05, up by 1.14 per cent.

The stock has a 52-week high of Rs 180.75 and a 52-week low of Rs 93.95. The company has a ROCE of 16.3 per cent and an ROE of 12.0 per cent with a market capitalisation of Rs 5,566.68 crore.

The company has more than Rs 4,500 crore worth of order books. The shares of the company gained more than 70 per cent in the last one year and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.