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Gaurav Narendra Puri

30th Oct · SEBI-Registered Analyst

After the Q2 results and dividend release, Railtel Corp shares are under scrutiny.

RAILTEL
RailTel Corporation of India Ltd.'s shares are under scrutiny on Thursday, October 30, following the company's Wednesday announcement of an interim dividend and the release of its second quarter earnings. The company's second quarter net profit increased by 4.7% to ₹76 crore from ₹73 crore in the prior year. From ₹843.5 crore in the previous year, its revenue for the second quarter climbed 12.8% to ₹951.3 crore. Despite having a poor profit margin, the project work services industry led the quarter's growth. In the second quarter of the previous fiscal year, RailTel's earnings before interest, tax, depreciation, and amortization (EBITDA) were ₹129.3 crore. This is a 19.4% growth.

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