RAILTEL · Telecommunication
Railtel Corporation Of India Ltd. reported revenue of ₹558 cr for April to June 2024, +19.2% on the year and −33.0% on the quarter.
Operating profit (EBITDA) was ₹103 cr, a margin of 18.5%, −77 bps on the year and +441 bps on the quarter. Operating costs grew +20.4%, faster than revenue at +19.2%, so operating profit grew less than sales.
Net profit was ₹49.0 cr, +28.9% on the year and −37.2% on the quarter, with earnings per share of ₹1.52. Profit before other income, one-offs and tax grew 25.0%, so 4 points of the headline growth came from outside the core business. The tax rate of 27% is in line with its recent average.
Telecom is capital-heavy: depreciation and interest take a large share of operating profit, so the operating line matters more than net profit in any one quarter. The quarterly statements do not carry revenue per user, subscribers and capital spending; those come with the filing read.
On earnings per share of ₹8.00 over the last four quarters, the stock at ₹259.40 trades at 32.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹668 cr | ₹833 cr | ₹558 cr | ₹843 cr | ₹768 cr | ₹1,308 cr | ₹744 cr | ₹951 cr | ₹913 cr | ₹1,669 cr | ₹893 cr | ₹1,146 cr |
| YoY | — | — | +19% | +41% | +15% | +57% | +33% | +13% | +19% | +28% | +20% | +21% |
| EBITDA margin | 19.5% | 14.0% | 18.5% | 15.3% | 15.8% | 13.8% | 15.6% | 16.2% | 14.6% | 14.0% | 14.8% | 15.4% |
| Other income, % of PBT | −5% | 30% | 3% | 5% | 13% | 21% | 20% | −2% | 1% | 4% | 10% | −32% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 24% | 27% | 23% | 27% | 25% | 26% | 28% | 27% | 25% | 26% | 26% |
| Net profit | ₹62.0 cr | ₹78.0 cr | ₹49.0 cr | ₹73.0 cr | ₹65.0 cr | ₹113 cr | ₹66.0 cr | ₹76.0 cr | ₹62.0 cr | ₹142 cr | ₹66.0 cr | ₹69.0 cr |
| YoY | — | — | +29% | +7% | +5% | +45% | +35% | +4% | −5% | +26% | 0% | −9% |
| Core profit YoY | — | — | +25% | +1% | −11% | +68% | +9% | +20% | +8% | +53% | +13% | +13% |
| EPS | ₹1.94 | ₹2.42 | ₹1.52 | ₹2.26 | ₹2.03 | ₹3.53 | ₹2.06 | ₹2.37 | ₹1.94 | ₹4.42 | ₹2.05 | ₹2.14 |
| Flags | · | 1 | ✓ | 1 | 2 | ✓ | 1 | ✓ | ✓ | 1 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Railtel Corporation Of India Ltd. reported revenue of ₹558 cr (+19.2% on the year) and net profit of ₹49.0 cr (+28.9% on the year) for April to June 2024.
Profit before other income, exceptional items and tax moved +25.0% on the year, against +28.9% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.