Railtel Corporation of India Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

Railtel Corporation of India, a midcap company in the telecommunication equipment industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Railtel Corpn. has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 8 to 12 in the last three months.

One of the key factors contributing to this positive performance is the company's operating cash flow, which has been consistently growing over the past three years and is currently at its highest at Rs 556.34 crore annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of net sales, Railtel Corpn. has also shown a positive trend. The company's net sales for the quarter were at Rs 843.49 crore, which is the highest in the last five quarters. This is a 26.9% growth over the average net sales of the previous four quarters, indicating a positive near-term sales trend.

Similarly, the company's profit after tax (PAT) for the quarter was at Rs 83.27 crore, which is the highest in the last five quarters. This is a 20.3% growth over the average PAT of the previous four quarters, showing a positive near-term PAT trend.

Overall, Railtel Corporation of India has shown a strong financial performance in the second quarter of the fiscal year 2024-2025. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on the company's future performance.