Aakhir yeh zabardast profit aaya kaise?
Asal mein, company ki telecom services ne kamaal kar diya. Revenue mein 25.1% ka jump dekhne ko mila, jismein VSS project se bhi achha revenue aana shuru ho gaya.
Par bhai, har jagah paisa nahi ban raha. Projects mein profit margins par pressure dekhne ko mil raha hai. FY26 mein project EBIT margin 3.9% raha, jo FY25 ke 4.4% se kam hai. Analysts ko lagta hai ki yeh ongoing competition ka asar hai.
Ab company kaafi smart game khel rahi hai. FY27 ke liye 20% revenue growth ka target hai aur margins 11%-12% par stabilise karne ki koshish hai. Focus ab data centres, cybersecurity aur Aadhaar authentication services jaisi high-growth areas par hai.
ICICI Securities ne bhi calculations adjust ki hain. Unhone FY27-28 ke liye EPS estimates badha diye hain aur apna valuation model use karke target price ko ₹290 se ₹300 kar diya hai. Lekin haan, stock ko 'Sell' se 'REDUCE' kiya hai, matlab abhi bhi unka view thoda cautious hai.
