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Revenue
₹1,669 Cr
verification pending
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Railtel delivered a strong Q4 FY26 with operating revenue of ₹1,669 crore (QoQ growth of 83%) and PAT of ₹142 crore (QoQ growth of 127%). The telecom segment contributed ₹449 crore, driven by recurring revenue from a video surveillance project and growth in data center revenue (₹202 crore for FY26 vs ₹127 crore last year). The order book surged to ₹11,466 crore (up 34% in Q4), with only 21% from railways. Management guided for ~20% revenue growth in FY27, with project revenue conversion of ₹3,000-3,500 crore and planned capex of ₹300 crore focused on data centers. Risks include potential margin pressure in telecom from enterprise pricing and slower-than-expected edge data center adoption.
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Guidance to track
- Management expects revenue growth of around 20% for FY27, with project revenue conversion of ₹3,000-3,500 crore.
- Capex of ₹300 crore is planned, primarily for data center expansion and telecom network upgrades.
- Management aims to maintain project business EBITDA margins in the 4-5% range.
- Plans to commission edge data centers in Indore, Chandigarh, and Visakhapatnam during FY27.
Risks flagged
- Management noted continuous price declines in the enterprise telecom segment, which could pressure telecom margins.
- Management acknowledged that edge data center demand has not materialized as expected, with momentum likely taking 1-2 more years.
- When asked about LTE deployment by railways, management had no latest update, indicating potential delays or lack of clarity.
- The strong telecom revenue in Q4 included accrued revenue from previous quarters due to acceptance of video surveillance services, which may not recur.
Key quotes
- We are focusing on IP1, we are focusing on ISP, we are focusing on NLD all the three segments.
- Data center is our growth driver in future, that is where we are putting most of our energy.
- Our growth guidance will be around 20% for this financial year.
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