RailTel Wins Rs 148-Crore Census IT Contract; Shares End 1.5% Lower
Shares of RailTel Corporation of India Ltd ended 1.5% lower on 16th December. This occurred despite the company saying that it has won a Rs 148.4 crore order from the Office of the Registrar General & Census Commissioner, India, for comprehensive IT infrastructure maintenance.
The contract includes annual maintenance services for servers, storage systems, and network equipment. It also covers network security devices and licence renewals. It is scheduled to be completed by 21st December, 2030.
According to the regulatory filing, RailTel received the official work order on Monday, 15th December, from a domestic entity. The company has recently secured two more contracts in quick succession. These include a Rs 48.78 crore order from the Mumbai Metropolitan Region Development Authority and a Rs 63.92 crore ICT implementation order from the Central Public Works Department.
For the September quarter, RailTel reported a 4.7% year-over-year rise in net profit to Rs 76 crore. This is compared with Rs 73 crore in the same period last year. Revenue increased 12.8% to Rs 951.3 crore from Rs 843.5 crore in Q2FY25. Meanwhile, EBITDA grew 19.4% to Rs 154.4 crore from Rs 129.3 crore a year ago. Also, EBITDA margin improved to 16.2% from 15.3% in Q2FY25.
At 3:30 PM, shares of RailTel Corporation ended 1.34% lower at Rs 331.40 on NSE.
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