Shares of RailTel Corporation of India Ltd skyrocketed on 24 March after receiving an order for Rs 25.15 crore from Hindustan Petroleum Corporation.

The agreement is valued at Rs 25.15 crore (without tax) and covers the renewal of existing MPLS and ILL links for five years. It also includes the potential for further connections, contingent on practicality. Following 1 April 2025, the agreement is set to expire on 31 March 2030.

This follows RailTel’s recent disclosure that the Ministry of Defence had issued a work order for OFC Laying Work, valued at Rs 16.89 crore (tax included).

The Board of Directors of the company had approved a second interim dividend of Rs 1 per share of the current fiscal year and had set 2 April 2025 as the record date and 9 April 2025 as the dividend payment date. 

In Q3FY25, RailTel’s net profit increased by 5% year over year to Rs 65 crore. Revenue increased 15% year over year at Rs 768 crore. In contrast, EBITDA fell 6.6% YoY to Rs 121 crore from Rs 129.7 crore in the same period the previous year. Consequently, the EBITDA margin dropped to 15.8% from 19.4% in Q3FY24.

At 12:28 pm, the shares of RailTel Corp were trading 5.62% higher at Rs 527.15 on NSE.

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