Railtel Corporation receives ₹134 crore order from Adani Connex; shares trade lower

Earlier, the company had received the work order from Rural Development Department, Mantralaya, Maharashtra for operationalization of ASSK-GP project in Konkan, Pune, Nashik Regions, amounting to ₹55.71 crore. The order is to be executed by September 25, 2025.

In the latest quarterly results, revenue zoomed 19.35% to ₹558.2 crore for the quarter ended June 2024, compared to ₹467.6 crore during the corresponding quarter last year. Good net profit growth of 26.78% was reported above the previous quarter's figure of ₹38.3 crore to ₹ 48.6 crore for Q1FY25. Operating profit surged to ₹122.8 crore from the previous quarter of ₹105.3 crore.

Railtel Corporation Of India Limited is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. The transport network is built on high-capacity dense wavelength division multiplexing (DWDM) technology and an Internet protocol/ multi-protocol label switching (MPLS) network over it to support mission-critical communication requirements of Indian Railways and other customers.

The company operates data centres in Gurugram, Haryana, Secunderabad, and Telangana to host and collaborate critical applications for customers, including the Indian Railways. In 2024, the company gave an impressive 30% return on a YTD basis and nearly doubled from October 2023 levels.