Rs 4,500 crore order book: This miniratna PSU stock reports a whopping 48 per cent jump in net profit; stock gained over 5 per cent!

Shares of the company gained more than 30 per cent in the last six months.

Railtel Corporation of India Limited has reported 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 158.05, with a high and low of Rs 167.85 and Rs 158.05. The stock previously closed at Rs 157.75. The stock closed trading at Rs 164.55, up by 4.31 per cent.

The stock has a 52-week high of Rs 171.75 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 5,341 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.