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Earnings Call Transcript

RailTel Corporation of India Earnings Call Transcript: Key Takeaways

Q2 revenue ₹1,146 Cr (+28% QoQ), but PAT only ₹69 Cr after a ₹32 Cr ECL charge. Order book ₹12,282 Cr. Execution targets now described as 'hopeful'.

Highlights
Revenue growthQ2 +28% QoQ; H1 +20% YoY. No one-time revenue disclosed.
MarginsPAT margin squeezed by ₹32 Cr ECL; no margin guidance given.
Order book₹12,282 Cr order book; H1 inflows ₹2,458 Cr. No peer comparison.
Demand visibilityRailway orders ₹2,873 Cr; edge DC demand softer than anticipated.
Management confidenceBalanced to defensive; 'hopeful' on targets, deflected PAT question.

Growth

Revenue +28% QoQ to ₹1,146 Cr; H1 ₹2,039 Cr, +20% YoY. Pre-exceptional PBT ₹124 Cr (+29% QoQ); PAT ₹69 Cr (+4% QoQ).

Outlook

Data centre revenue targeted ₹300 Cr in FY27 and ₹500 Cr in FY28. Noida 10MW data centre expected live by May 2027.

Risks

₹32 Cr ECL on government debtors. ₹3,500 Cr execution target: ₹1,282 Cr done, 'hopeful'. KAVACH timing unclear. Edge DC demand below plan.

Last quarter's promises, checked

Delivered

  • NLD renewals (Q1 ₹144 Cr) → Q2 NLD ₹174 Cr, +21% QoQ (= BEAT)

Partly delivered

  • ₹3,500 Cr FY27 project income → ₹1,282 Cr done (= PARTIAL)
  • ECL 'small' → ₹32 Cr charge (= PARTIAL)

Missed

  • ~25% growth (analyst-cited, unchallenged) → H1 +20% YoY (= MISS)
  • Kavach approval 'this month' → timing unclear (= MISS)
  • 2 edge DCs 'already commissioned' → now targeted this FY (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: RAILTEL. Summary written with AI assistance from the document.

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RailTel Corporation of India Ltd: key numbers

Share price
₹229.63
Market cap
₹7,370 Cr
Revenue (annual)
₹4,277 Cr
Net profit (annual)
₹346.3 Cr
P/E (TTM)
21.8×Sector 37.1×
Promoter holding
72.84%+0.00% QoQ
FII holding
3.97%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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