Rs 5,254 Crore Order Book: Navratna PSU Jumps Over 5 Per Cent; Company Bagged Order Worth Rs 170,25,70,543 From EPFO
The stock is up by 44 per cent from its 52-week low of Rs 260.50 per share and gave multibagger returns of 180 per cent in 2 years.
On Tuesday, shares of RailTel Corporation of India Ltd (RCIL) gained 5.11 per cent to Rs 384.95 per share from its previous closing of Rs 366.25. The stock’s 52-week high is Rs 618 and its 52-week low of Rs 260.50. At the closing bell, the shares of the company were trading at Rs 374.25 per share and saw a spurt in volume by more than 2.04 times on BSE.
Established in 2000, RailTel Corporation of India Ltd (RCIL) is a "Navratna" public sector enterprise under the Indian government, offering diverse telecom services including broadband, VPN, and data centres. With its extensive network spanning over 6,000 stations and 61,000+ km of fibre optic cables, RailTel reaches 70 per cent of India's population. This achievement has led to the prestigious "Navratna" status conferred by the Department of Public Enterprises, Ministry of Finance. This recognition underscores RailTel's substantial contributions to the Indian economy and its position as a leading force in telecommunications and information technology. The "Navratna" status empowers RailTel with greater autonomy, financial flexibility, and the capacity for larger investments, propelling it towards innovation and sustained growth. The company has a market cap of over Rs 12,000 crore.
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Recently, the company has secured a significant work order from the Employees Provident Fund Organisation (EPFO) for the supply and services related to the creation of infrastructure for EPFO. This domestic contract, valued at Rs. 170,25,70,543 (inclusive of taxes), is expected to be executed by November 6, 2025.
Quarterly Results: The net sales increased by 41 per cent to Rs 843.49 crore and net profit increased by 7 per cent to Rs 72.64 crore in Q2FY25 compared to Q2FY24.
Annual Results: The net sales increased by 31.2 per cent to Rs 2,567.82 crore and net profit increased by 30.8 per cent to Rs 246.21 crore in FY24 compared to FY23.
As of September 30, 2024, the company’s order book stands at Rs 5,254 crore wherein Government Nomination Contribution is 22.4 per cent, Tender Contribution is 75.7 per cent and Private Contribution is 1.9 per cent. The stock is up by 44 per cent from its 52-week low of Rs 260.50 per share and gave multibagger returns of 180 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice