Railway stock jumps 3% after receiving ₹38 Cr order from Central warehousing corp.
In Tuesday’s trading session, the shares of one of the leading PSU stock specialised in offering a wide range of services including data communication, network management, system integration and more jumped upto 3 percent after receiving a new work order from Central Warehousing Corporation. Price action With a market capitalization of 14,177 Crores on […] The post Railway stock jumps 3% after receiving ₹38 Cr order from Central warehousing corp. appeared first on Trade Brains.
In Tuesday’s trading session, the shares of one of the leading PSU stock specialised in offering a wide range of services including data communication, network management, system integration and more jumped upto 3 percent after receiving a new work order from Central Warehousing Corporation.
Price action
With a market capitalization of 14,177 Crores on Tuesday, the shares of Railtel Corporation of India Ltd jumps upto 2.5 percent after making a high of Rs 452.85 compared to its previous closing price of Rs 441.95.
What happened
Railtel Corporation of India Ltd has received a new domestic work order worth Rs 37.99 Crores from Central Warehousing Corporation for Supply, Installation, Testing and Commissioning (SITC) of a CCTV system and the order is to be completed by May 16, 2025.
About the company
Railtel Corporation of India Ltd one of the leading PSU stock under the Ministry of Railways is specialised in providing broadband and telecom services to various sectors and they operate and leverages the extensive infrastructure of Indian Railways to deliver reliable telecommunications and broadband connectivity across the country
It offers a wide range of services including data communication, network management, system integration, catering to government, enterprise, and retail customers.
Railtel is involved in large-scale projects such as Wi-Fi installation at railway stations, offering internet services to passengers and supporting the digital transformation of various public and private sectors.
They are also known for its significant role in connecting rural and remote areas with high-speed internet through its robust network. The company has a book value of Rs. 4,750 crores.
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Segment’s Revenue FY23-24
Railtel Corporation of India Ltd segment revenue is distributed across two services as follows: Telecom services segment revenue grew from Rs. 1,16,948 lakhs in FY23 to Rs. 1,26,544 Lakhs in FY24 and Project work services grew from Rs. 78,786 lakhs in FY23 to Rs. 1,30,238 Lakhs in FY24
Financials
The company’s revenue rose by 40.7 percent from Rs 612.82 crore to Rs 862.51 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 68.15 crores to Rs 72.64 crore during the same period.
Key Financial ratios
Railtel Corporation of India Ltd has an impressive Return on Equity (RoE) of 13.82 percent and a Return on Capital Employed (RoCE) of 17.35 percent. Furthermore, the company’s debt-to-equity ratio is 0.03.
Written by Sridhar J
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The post Railway stock jumps 3% after receiving ₹38 Cr order from Central warehousing corp. appeared first on Trade Brains.
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