RailTel Q4 Review - Rising Opportunities From Indian Railways: ICICI Securities
Trains sit idle at the Delhi Junction railway station. (Photographer T. Narayan/Bloomberg)

RailTel Q4 Review - Rising Opportunities From Indian Railways: ICICI Securities

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 Corp. of India’s Q4 FY21 Ebitda was below our estimate due to provisioning of Rs 330 million and much lower Ebit in the projects business.

Company remains confident of growth in FY22 and has guided for revenue of Rs 20 billion (FY21: Rs 13.8 billion) and sees revenue scaling up to Rs 40 billion in next two to three years.

This ambitious growth expectation founded on strong orderbook of Rs 45 billion, and likely order wins from Indian Railways, which plans a capex of Rs 250 billion for deployment of long term evolution network and implementation of train collision avoidance system.

Project business growth also boosts telecom revenues for connectivity solutions.

Click on the attachment to read the full report:

ICICI Securities Railtel Q4FY21 Results Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.