Rs 4,700 Crore Order Book: PSU Telecom Infrastructure Railway Company Achieves Navratna Status – Stock Gains Over 105 Per cent in Just 1 Year!
DIIs increased their stake and the company’s shares have delivered an impressive return of over 100 per cent in just 1 year.
RailTel Corporation of India Ltd was incorporated in 2000 to create nationwide broadband and VPN services, a telecom and multimedia network, and modernize the train control operation and safety system of Indian Railways. Earlier, 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.
As per the latest information, the Department of Public Enterprises, Ministry of Finance, Government of India, has granted "Navratna Status" to RailTel Corporation of India Ltd.
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Today RailTel Corporation of India Ltd shares closed the day at Rs 499.80 per share representing a gain of 1.83 per cent compared to Friday's closing price of Rs 490.80 each on the BSE. The company’s current market capitalization stands at Rs 16040.50 crore. The stock has delivered a return of over 105 per cent in just 1 year.
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As per the Quarterly Results, in the first quarter of FY25, RailTel Corporation of India Ltd recorded a revenue of Rs 558 crore. The operating profit for Q1 FY25 stood at Rs 103 crore. The net profit for Q1 FY25 was Rs 49 crore. Looking at the annual performance, the company generated a revenue of Rs 2568 crore in FY25, compared to Rs 1957 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.