India's Railtel Corp rises on higher quarterly profit

Railtel of India

04/05/2026 05:41

** Shares of Railtel Corporation of India RAIT.NS rise 3.5% to 335 rupees; stock set to snap two continuous sessions of loss

** State-owned telecom infrastructure provider posts 25.7% higher March-qtr profit of 1.42 billion rupees

** ICICI Securities says profit rise was driven by telecom services, while project revenue growth did not translate into EBIT growth as margins continues to shrink

** Brokerage notes co's telecom revenue grew 25.1% YoY with the start of revenue booking from the video surveillance project for the Indian Railways, while the enterprise segment continued to face competitive pressure

** Upgrades co from "Sell" to "Reduce" and increases PT from 290 rupees to 300 rupees

** YTD, stock down 10.3%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))