Railtel Corporation Of India (RAILTEL) Q3 24/25 earnings summary

Executive summary

• Operating revenue for Q3 FY25 reached INR 768 crores, up 15% year-over-year, with telecom contributing INR 338 crores and project segment INR 430 crores.

• Total revenue for Q3 FY25 was INR 782 crores, a 16% increase year-over-year; profit before tax grew 6% to INR 90 crores, and profit after tax rose 5% to INR 65 crores.

• Nine-month FY25 total income was INR 2,222 crores, up 26% year-over-year, with profit after tax at INR 186 crores, a 10% increase.

• Board approved unaudited financial results for the quarter and nine months ended 31st December 2024, with a limited review by statutory auditors.

• No outstanding defaults on loans or debt securities as of the reporting date.

Financial highlights

• Q3 FY25 operating revenue: INR 768 crores (15% YoY growth); total revenue: INR 782 crores (16% YoY growth).

• Q3 FY25 profit before tax: INR 90 crores (6% YoY growth); profit after tax: INR 65 crores (5% YoY growth).

• Nine-month FY25 total income: INR 2,222 crores (26% YoY growth); profit after tax: INR 186 crores (10% YoY growth); EPS: INR 5.81 vs INR 5.26 YoY.

• Q3 order inflow: INR 790 crores; nine-month order inflow: INR 1,960 crores, similar to previous year.

• Revenue from operations for Q3 FY25 was ₹76,762 lakhs, up from ₹66,836 lakhs in Q3 FY24; nine-month revenue reached ₹2,16,922 lakhs, up from ₹1,73,512 lakhs year-over-year.

Outlook and guidance

• Revenue guidance for FY25 remains at INR 3,300 crores, with management confident of achieving 26%-30% year-over-year growth.

• Net margin guidance maintained at 8%-10%, reflecting competitive project environment.

• Project segment margins expected to recover to 5%-6% for the full year, despite Q3 EPC margin at 4%.

• Participation in INR 400-450 crores of Kavach tenders in Q3, with additional INR 500 crores targeted for next year; total addressable market for Kavach estimated at INR 7,000-8,000 crores over 3-4 years.

• Financial results reviewed and recommended by the Audit Committee and approved by the Board, indicating continued focus on compliance and governance.