Order Book
₹11,466 Cr
+34% QoQ
Order book as on 31st March 2026, up from ₹8,563 crore as on 31st December 2025.
RAILTELOFINDIA
Diversified
12 May 2026
Railtel Corp Of India Ltd — Q4 FY26
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%).
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Data Center Revenue (FY26)
₹202 Cr
+59% YoY
Data center revenue grew from ₹127 crore in FY25, driven by government and PSU customers.
Telecom Segment Revenue (Q4)
₹449 Cr
+25% YoY
Includes pure telecom (₹334 cr), data center, and digital services like Aadhaar authentication.
Data Center Capacity (FY27 target)
5 MW
+2 MW YoY
Capacity expected to reach 5 MW by May 2027, up from 3 MW currently.
Management Guidance
Revenue growth guidance of ~20% for FY27
Management expects revenue growth of around 20% for FY27, with project revenue conversion of ₹3,000-3,500 crore.
Management guidance revenuePlanned capex of ₹300 crore for FY27
Capex of ₹300 crore is planned, primarily for data center expansion and telecom network upgrades.
Management guidance capexProject business margin target of 4-5%
Management aims to maintain project business EBITDA margins in the 4-5% range.
Management guidance marginsEdge data center expansion: 3 new locations in FY27
Plans to commission edge data centers in Indore, Chandigarh, and Visakhapatnam during FY27.
Management guidance expansionKey Risks
Enterprise telecom pricing pressure
Management noted continuous price declines in the enterprise telecom segment, which could pressure telecom margins.
medium · management_commentarySlow edge data center adoption
Management acknowledged that edge data center demand has not materialized as expected, with momentum likely taking 1-2 more years.
medium · management_commentaryLTE deployment opportunity uncertainty
When asked about LTE deployment by railways, management had no latest update, indicating potential delays or lack of clarity.
low · analyst_questionOne-off revenue in telecom segment
The strong telecom revenue in Q4 included accrued revenue from previous quarters due to acceptance of video surveillance services, which may not recur.
medium · data_observationNotable 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.
Frequently Asked Questions
What was Railtel Of India's revenue in Q4 FY26?
Railtel Of India reported revenue of ₹1,669 Cr in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Railtel Of India management give for FY27?
Revenue growth guidance of ~20% for FY27: Management expects revenue growth of around 20% for FY27, with project revenue conversion of ₹3,000-3,500 crore. Planned capex of ₹300 crore for FY27: Capex of ₹300 crore is planned, primarily for data center expansion and telecom network upgrades. Project business margin target of 4-5%: Management aims to maintain project business EBITDA margins in the 4-5% range. Edge data center expansion: 3 new locations in FY27: Plans to commission edge data centers in Indore, Chandigarh, and Visakhapatnam during FY27.
What are the key risks for Railtel Of India in FY27?
Key risks include Enterprise telecom pricing pressure — Management noted continuous price declines in the enterprise telecom segment, which could pressure telecom margins.; Slow edge data center adoption — Management acknowledged that edge data center demand has not materialized as expected, with momentum likely taking 1-2 more years.; LTE deployment opportunity uncertainty — When asked about LTE deployment by railways, management had no latest update, indicating potential delays or lack of clarity.; One-off revenue in telecom segment — The strong telecom revenue in Q4 included accrued revenue from previous quarters due to acceptance of video surveillance services, which may not recur..
Did Railtel Of India meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Railtel Of India Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.