Shares of RailTel Corp surged 5% to ₹258.1 after the company announced a ₹63.15 cr letter‑of‑intent from Prasar Bharti, marking another win for its growing telecom‑infrastructure portfolio.
The June‑quarter results, released in July, showed revenue climbing 20.1% to ₹893.2 cr from ₹743.8 cr a year earlier, while net profit remained flat at ₹66 cr. EBITDA rose 13.6% to ₹132 cr, but the operating margin slipped to 14.7% from 15.6% a year ago, reflecting higher cost pressures.
RailTel secured a trio of contracts last month – a ₹164 cr MPLS‑VPN deal with Western Coalfields, a ₹166.8 cr work order from the Employees Provident Fund, and a ₹63 cr project for the Deendayal Port Authority – underscoring a steady stream of infrastructure projects.
The stock’s 5% rally was followed by a 2.3% trim, and it has already corrected 30% YTD. Market participants are cautious, awaiting the company’s next earnings cycle for clearer guidance on margins and future contract pipeline.