BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
RailTel Corporation of India Ltd.’s Q2 FY22 net profit at Rs 675 million was much better with 29% YoY revenue growth in telecom services and reversal of expected credit loss provisioning.
Consistent delivery of 25-30% Ebit margin in telecom services is key to watch.
Project revenues did not accelerate during H1 FY22 due to lack of execution, but RaiTel is hopeful for H2 FY22.
RailTel has guided for at least 25% higher revenues in FY22 as growth momentum is expected to continue even on the high base of H2 FY21 with a strong pipeline of projects.
Orderbook remains healthy at Rs 50 billion and has grown by 25% since listing.
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