Rs 4,700 Crore Order Book: This PSU Railway Company Rallies and Grabs Investors' Attention - Here's Why
The company’s shares have delivered an impressive return of around 300 per cent in the past 1 year only.
RailTel Corporation of India Ltd was incorporated in 2000 with the objective of creating nationwide broadband and VPN services, a telecom and multimedia network and modernizing the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. Currently, RailTel's network passes through approximately 6,000 stations across the country, covering all major commercial centers.
Recently, RailTel Corporation of India Ltd has received a work order from Webel Technology Limited for the upgradation and enhancement of existing IT & Non-IT DC infrastructure at WBSDC Monibhandar, amounting to Rs 23,96,16,993 (including tax). The orders/contracts are to be executed by September 25, 2024.
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On Friday RailTel Corporation of India Ltd shares closed the day at Rs 520.20 per share and hit a 52-week high. The company’s current market capitalization stands at Rs 16695 crore. The stock has delivered a return of 300 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, RailTel Corporation of India Ltd recorded a revenue of Rs 833 crore. The operating profit for Q4 FY24 stood at Rs 117 crore. The net profit for Q4 FY24 was Rs 78 crore. Looking at the annual performance, the company generated a revenue of Rs 2568 crore in FY24, compared to Rs 1947 crore in FY23. The operating profit for FY24 was Rs 464 crore, with a net profit of Rs 246 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.