Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.
RAILTEL CORP OF INDIA LTD (NSE: RAILTEL) Q4 2026 Earnings Call dated May. 01, 2026
Corporate Participants:
Sanjai Kumar — Chairman and Managing Director
Analysts:
Vishal Periwal — Analyst
Sanjesh Jain — Analyst
Unidentified Participant
Unidentified Participant
Unidentified Participant
Presentation:
Operator
Ladies and gentlemen, good day and welcome to the Q4FY26 earnings conference call of Retail Corporation of India Limited hosted by PL Capital. As a reminder, all five spin lines will be in the listen only mode. And there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr.
Vishal Periwal from PL Capital. Thank you. And over to you, Mr. Periwal.
Vishal Periwal — Analyst
Yeah. Thanks Michel. We are pleased to welcome the management of Railtel Corporation of India Limited to discuss their quarter four results. And also would convey our thanks to retail management as well as participants to be to attend this call on holiday. And so joining us today from the Railtel Leadership Team is Mr. Sanjay Kumar who is Chairman and Managing Director. Mr. V. Rama Manohar Rao, Director Finance. Mr. Manoj Tandam, Director, Projects Operational Maintenance. Mr. Yashpal Singh Tomer, Director, Network Planning and Marketing.
And along with tomer sir is Mr. Matraji who is the ED. And then thank you gentlemen for joining us today. And I will now hand over the call to Sanjay sir for his opening remark and post that we’ll have Q and A. Yeah. Thank you. And over to you sir.
Sanjai Kumar — Chairman and Managing Director
A very good morning to all. It gives me immense pleasure to interact with you on the company’s performance in the backdrop of Q4 financial results for FY26 as well as audited financial results for FY25 26 which were declared by the company on 30th April. The company achieved operating revenue of rupees 1669 crores in Q4 of FY26 as against rupees 913 crores in Q3 of FY26. Registering the Q on Q growth of 83%. The telecom segment contributed Rs. 449 crores and project segment contributed rupees 1220 crores in company’s operating turnover.
As regards the total revenue, the Q1Q growth is 82% with 1680 crores in Q4 of FY26 as compared to Rupees 924 crores in Q3 of FY26. The profit before tax in Q4 of FY26 is Rupees 190 crores as against Rupees 85 crores in Q3 of FY 26 with Q on Q growth of 123%. The profit after tax in Q4 of FY26 Is Rupees 142 crores as against Rupees 62 crores in Q3 of FY22. Registering a Q on Q growth of 127%. The company achieved total income of Rupees 4328 crores in FY26 against Rupees 3551 crores during the corresponding previous year with a growth of 22%.
Profit after tax for FY26 is rupees 346 crores as against rupees 300 crores in the financial year 2425 with growth of 17%. Earning per share for year ending 31st March 2026 stands at rupees 10.79 as against rupees 9.34 during previous financial year. Board of directors have recommended final dividend of Rupees 1.25 per share in addition to Rupees 2 per share paid by the company as interim dividend for FY 2526. The company’s order book as on the 34th 2026 was 11,466 crores compared to Rupees 8563 crores as on 31st December 2025 reflecting 34% growth in Q4.
We remain committed to pursuing growth and credit creating value for our esteemed investors. We are also exploring new opportunities in order to realize our true potential. I thank you for your trust and and collective vision for the future of this company. Thank you,
Operator
Sir. Should we open the floor for the Q and A?
Sanjai Kumar — Chairman and Managing Director
Yeah.
Questions and Answers:
Operator
Thank you very much, sir. Ladies and gentlemen, we will now begin the question and answer session. Anyone who wishes to ask questions may please press star and one on the Touchstone 4. If you wish to withdraw yourself from the question kit, you May press star and 2. Participants are requested to use only handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. You may please press Star and one to ask questions. The first question is from the line of Sanjay Jain from ICICI Securities.
Please go ahead.
Sanjesh Jain
Good morning, sir. Thanks. Thanks for this opportunity and congratulation on a very very strong set of number. I think we have exceeded our guidance and the expectation. I got few questions. Sir. You can just repeat the order book for the year end 31st March 2026. Please.
Sanjai Kumar
This is as on date. So if you want to know 31 March otherwise 30 April it is 11,400
Sanjesh Jain
Because we track quarterly it will be very helpful if you can give for the year end. Okay,
Sanjai Kumar
So I think around 700 crores will be minus out of it. This, this quad. This quarter we have received about 700 plus crores orders, new orders. So that will be you can say roughly 11, 10,600 or so. 600, 700.
Sanjesh Jain
Got it, got it, got it. That’s helpful. Second question on the telecom business I think till last quarter we were little disappointed but this quarter again telecom has come back very strongly. Can you help us explain what has driven such a strong growth in telecom business? It’s grown 24% QoQ and 25% Y O Y
Sanjai Kumar
So if you talk of telecom income. So actually now we are, we were executing one project for railways which is video surveillance and now that project is in commissioning stage so there is requirement for providing connectivities to railways for the basically functioning of those CCTV cameras and all that is one. And then we have, as I have been telling you earlier also that we are focusing making strategies how to increase our telecom income whatever extent we can Though there is lot of pressure.
So those results have also started I think coming out and so I think that these two reasons major, majorly I see that overall we could perform this year much better. Not much better, slightly better than the previous year overall if I keep it.
Sanjesh Jain
Got it. But. But this what we have received for the video surveillance, it’s a recurring revenue or it’s a one time revenue.
Sanjai Kumar
It will be recurring revenue. Certainly telecom generally is recurring revenue
Sanjesh Jain
Unless it is in
Sanjai Kumar
IRU form. Yeah.
Sanjesh Jain
So now this is a new base. Right. So we will grow again 10, 11% hopefully next year on this pace. That will be a fair understanding.
Sanjai Kumar
This you can say. Yes, but then there are other telecom market presence where the prices are continuously in enterprise business on the south side. But still I would say that we will, we are committed to perform better this year overall
Sanjesh Jain
We
Sanjai Kumar
Are focusing on IP1, we are focusing on ISP, we are focusing on NLD all, all the three segments.
Sanjesh Jain
But I thought we were looking big, big time in data center. Will that revenue not help offset the pressure in the enterprise business?
Sanjai Kumar
Certainly, but that is not telecom income. So if you say the telecom income including data center. Yes. So this year we have done 202 crores from data center business which is also a good growth and this year we want, we wish that we will be doing even better, much better.
Sanjesh Jain
And so this data center Revenue is recognized in projects.
Sanjai Kumar
No, no. It is right now part of telecom. Actually I thought you were talking about
Sanjesh Jain
Pure
Sanjai Kumar
Telecom income which is NLD, ISP and IP1.
Sanjesh Jain
But
Sanjai Kumar
If you put whatever. We have segmentation done overall telecom includes data center. So yes, that data center growth has also contributed to this overall growth.
Sanjesh Jain
And what was the data center revenue last year, sir?
Sanjai Kumar
127
Sanjesh Jain
Very short jump. And this is this data center 3 Noida. What we have put that data
Sanjai Kumar
Center also I’ve been. I’ve been focusing. I’ve been emphasizing on this fact that data center is our growth driver in future. That is where we are putting our most of our energy.
Sanjesh Jain
And this growth has come from where
Sanjai Kumar
These are all kind of. So yeah, mostly these are hosted applications in our data center. So we are providing them data center services. Mostly these are government customers, PSU customers, state government.
Sanjesh Jain
Okay.
Sanjai Kumar
Central government
Sanjesh Jain
And also the office, railways. Various kind
Sanjai Kumar
Of services they are taking. Yes.
Sanjesh Jain
Do we provide DC to the railways as well?
Sanjai Kumar
Yeah. Our. Their hospital management information system is completely hosted with us.
Sanjesh Jain
There are E
Sanjai Kumar
Office applications with us.
Sanjesh Jain
Sir, can you help us with the revenue breakup between NLD, ILD and IP1 for this quarter?
Sanjai Kumar
Yeah. So this is 120. 182 crore from NLD, 120 crore from ISP and 30 crore from IP1. Making it 332 crore total.
Sanjesh Jain
332 crore. Got it. So just another bookkeeping question. Can you. Can you help us understand how much of hour right now the pro. The order book is from the railways out of. It’s around 2021.
Sanjai Kumar
It’s around 21%. 21%.
Sanjesh Jain
21%. Got it. And when we say revenue from the telecom, we don’t include data center in it, correct?
Sanjai Kumar
No, no. Presently it is included. Data center and ICT income also is part of telecom segment which is being published by us.
Sanjesh Jain
So telecom includes
Sanjai Kumar
ICT and data center.
Sanjesh Jain
Telecom segment revenue for this quarter was 449crore. Yes. Total out of that pure Telecom
Sanjai Kumar
Income was 332 crore.
Sanjesh Jain
Okay. And what was the rest? 117 crore.
Sanjai Kumar
So yes, that includes data center and few digital services like Aadhaar authentication kind of services which we are providing.
Sanjesh Jain
Actually that piece appears to be growing quite fast as in data center. So
Sanjai Kumar
That shows the digital. Digital growth being taken by the country which basically be a part of the journey. So as this digitization wave is percolating into the every part of our life, certainly this income is growing. Data center is part of it. Data center services, part of it. And then various services connected. Like nowadays exams are being conducted through biometrics. That is part of the digital wave which is happening all across the country
Sanjesh Jain
In Aadhar authentication. What service exactly are we providing?
Sanjai Kumar
So for example, I just mentioned about exams. So when a candidate reaches the examination center, there is a chance of impersonation.
Sanjesh Jain
Correct.
Sanjai Kumar
So then his biometrics are already captured. His Aadhaar number is already there. And it can be on immediately. When he reaches half and one and a half hours before the exam starts, it is. It is basically confirmed that he is not an impersonated candidate. That is a kind of service Aadhar authentication.
Sanjesh Jain
And we provide it for the exams and even for the private sector. Yeah, it is okay.
Sanjai Kumar
Recruitment exam generally happening conducted by state governments and central governments. UPSC NTA like N&meet and JE both the exams. Biometric authentication happening through us.
Sanjesh Jain
Okay, got it. So this Aadhar authentication, we don’t intend it to reach out to private player. We Are there any plan to even go beyond the government entities? No, we
Sanjai Kumar
Are open. We are open. But generally they have I think private. If you talk of so kind of KYC happening by banks, they are doing it.
Sanjesh Jain
Mobile sims.
Sanjai Kumar
I think there we have. We have not been approached by anybody. But if the opportunity comes to us, we have skills. Generally banking personal people are going in person visiting the new bank holders and all
Unidentified Participant
In one case we are giving
Sanjai Kumar
Standard charter. Okay, so director projects has shared that in one case Standard Chartered bank started doing KYC with us.
Sanjesh Jain
Do we have any big plan for this business? It appears to be a very lucrative opportunity and highly profitable, right?
Sanjai Kumar
Yeah, it is. It is margins. Yes, because there’s a small value denominator. Basically because per person is the counter. You were right. So we are continuously approaching various government agencies because they are the lowest hanging for us. They easily because we are psu. So they easily have trust, confidence. They require it. Private players, whosoever they are. They have their own means. So. But yes, our teams have approached. As I told you, Standard Chartered bank is one of the bank who have started doing with us.
But since this government market is too is already big. We are doing our every bit. That is how it is a good contributor
Sanjesh Jain
And margin in telecom segment coming so strong in this quarter is purely because of operating leverage because the revenue was quite steep.
Sanjai Kumar
Yes. See if I say quarterly. So I see always it on average in an annual financial statement. But yes, there may be slight aberration if you see the margins in telecom. But overall it has always been there in the range of 35 to 40. It has always been in that range only. So I. There may be slight aberration from previous quarters in this quarter, but overall if you see in an annual statement it is almost in the same range. I think it’s 39% for this year. 39%.
Sanjesh Jain
Will this heavy fork you because a lot of them pay you at the end of the year or you do the billing at the end of the year. Generally this seasonality will be there now or we don’t see such seasonality in the telecom revenue because Q4 generally is strong for us. Right.
Sanjai Kumar
Q4 overall. If we see in project terms it has been there, then seasonality in telecom is not a common feature, but projects. Yes. So telecoms generally has to be same in all quarters this quarter. This time has happened due to this project income, this VSS video surveillance project. So this is a one off kind of instance.
Sanjesh Jain
But it will be now henceforth recognized every quarter. Right?
Sanjai Kumar
Yeah,
Sanjesh Jain
Got it. Now coming to project, we are scaling quite well in terms of both revenue and order book. Just wanted to. One more fact before.
Sanjai Kumar
Before. Before you go ahead, one more fact I would like to share. See, because we have been providing this video surveillance services and we have got commissioning in the stage of commissioning few quarters ahead of this, basically Q2 and Q3 also. So some of the billing would have happened even because those services are accepted. So some services we might bill for the previous quarters also
Unidentified Participant
Because
Sanjai Kumar
Once the services are accepted by the customer. So previous quarters services are also billed in this quarter. So that also will have a delta effect on this.
Sanjesh Jain
Oh, and how much will. Next
Sanjai Kumar
Question. Exact numbers I won’t have. But yes, there is an element, some
Sanjesh Jain
Accrued revenue from the previous quarter. Yes, yes. Right.
Sanjai Kumar
Yeah.
Sanjesh Jain
And this trend
Sanjai Kumar
Might continue for few new hours or new quarters also because as and when they are, they have started using these services. They have started using these services but once they are accepted by the customer, then only we can build.
Sanjesh Jain
I got. Now we have scaled almost. We are doubling the order book this year, at least at the end of the year and we have executed a lot more as well. How should we see FY27 from the project revenue and order book?
Sanjai Kumar
So order book we are very optimistic and we expect that this trend will continue this year also because the kind of participation in various standards and our teams getting tuned to the tendering things now for last three, four years, they are also gaining experience. Less number of errors happening in participation in tenders and all. So certainly I wish and I expect that there will be improvement and this trend at least will continue. That is the thing. And then if by. If you see the revenue part.
So I think 3,000 to 3,500 crores of income should get at least should get converted into revenue this year.
Sanjesh Jain
That’s. That’s quite a strong number we are talking. And what. What exactly are the large project we are eyeing next year or if you can give some insight into what are the large project railway and non railway that we are looking up in FY27 large in size.
Sanjai Kumar
So see as I’ve been telling that we are focusing more on data center side. So data center certainly will be there. But the comparison with data center and projects will be slightly different. So railway tenders. Yes, we are focusing in on railway tenders also signaling as. As far as signaling because signaling now we have gained a lot of experience for past two to three years. Kavach. No new tenders are seen at least not for now from railways. So. But we have already three orders with us and we have to deliver those during last two to three years.
Apart from railways there is a lot of demand coming from state governments and public sector undertaking central government organizations for their. On Prem data center, their soc. So these kind of activities which are though not directly related to data center services which we are providing but basically building their data centers. I see a lot of traction happening this year and this is where I feel that this year we should get a good number of orders.
Sanjesh Jain
Any. Any. Any update on the LTE deployment by the railway and for us an opportunity in terms of. I don’t
Sanjai Kumar
Have any latest update.
Sanjesh Jain
So there is nothing happening on that site. Right. I
Sanjai Kumar
Would say anything about it but presently I’m not aware of. So as soon as I become aware I can of course say. I think voice.
Operator
Yes sir, let me check. Give me a moment please. I’m sorry sir, that was from the participants line. So we’ll. The participant has left the queue. I’ll just announce for few more questions and then we’ll take the next participant. I would request Mr. Sanjesh to kindly rejoin the queue. Also. Anyone who wishes to ask question may please press star and one on your touchstone form. Sanjay Jain is back in queue.
Sanjesh Jain
Hello. So
Operator
You may please proceed. Yeah,
Sanjesh Jain
Yeah. Thank you. So just wanted to understand last on the Data center that 102 Edge Data center we were building in. How has been the deployment last year and how are we seeing the deployment for the next year?
Sanjai Kumar
Last year we commissioned two One is in Delhi, in Gurgaon and the other one is in Mumbai. These are two small data centers as data centers we have actually Mumbai has been done recently in March only and Delhi is already operational and this year we are eyeing at least three Indore, Chandigarh and Vishakhapatnam. These three we are looking at maybe a few more come.
Sanjesh Jain
Okay.
Sanjai Kumar
Yeah.
Sanjesh Jain
Are there any delays at status And I thought we were looking like 3, 4 last year and material actually
Sanjai Kumar
Ultimately it is business which will drive.
Sanjesh Jain
Correct.
Sanjai Kumar
So right now though we have been hearing about edge data centers for quite some time but in a true sense we have not seen any growth overall Pan India basis all operators when I see. So there is. I think this momentum will take maybe one or two more years when the demand for edge data centers will really get converted into the proliferation of these edge Data centers in tier 2 tier 3 cities. Even now what we have seen that first two Edge data centers are not in tier 2 tier 3 towns but now this phase this year I think we will be going to that stage.
So Mumbai and Delhi they are not tier 2 tier 3 so as in true sense I wouldn’t say they are as little things but they are smaller ones and they will serve those kind of services which will be. Which will be of smaller scale. So we can say that these are data centers So I think that growth is not happening in. In general also.
Sanjesh Jain
Okay.
Sanjai Kumar
In India
Sanjesh Jain
And then my last question on the capex that we are planning for the next year will be around
Sanjai Kumar
300 crore
Sanjesh Jain
And our budgeting
Sanjai Kumar
We have made planned capex. Yes.
Sanjesh Jain
Okay. 300%. And what will be the main area of the capex for us next year?
Sanjai Kumar
Mostly it is data center and partly telecom and some other smaller power and all that
Sanjesh Jain
Very helpful And again congratulation for a very strong set of number and best of luck for the coming quarter.
Sanjai Kumar
Thank you. Thank you very much. And I think you must have covered most of the questions related to investors queries in their mind so thank you very much for this diversity of questions.
Operator
Thank you sir. We’ll take the next question from the line of Manish Ostwal from Nirmal Bang. Please go ahead.
Unidentified Participant
Yes sir. Thank you for the opportunity. A very good set of numbers for the year as I joined the call little late so my question may be repetitive but first question is of the current Financial year of 26 Total revenue what is the contribution coming from data center and the current order book position and the data center related work what is the size?
Sanjai Kumar
Okay, so your first question is related to data center revenue, right? Yeah. Contributing to the Overall revenue is 202 crores. Total order book is 11. 11,446. 46. Sorry. Yeah. 11,466 crores. And out of this data center. I have not really worked out how much data center is there. But we can I think let you know through your. Right now. I’m not aware of the exact number out of this order book.
Unidentified Participant
Okay. And the second. Sir, in our project business. I know in the previous instances you guided 5, 6% kind of margin. So what is a stable margin trajectory at a budget level? You want to operate. Operate the project business.
Sanjai Kumar
The project business margins. We are continuously striving to remain in the 4 to 5% bracket.
Unidentified Participant
4 to 5% band. All right, sir. Thank you.
Sanjai Kumar
Okay. Thank
Operator
You. Anyone who wishes to ask questions may please press star and one on their touch tone phone. The next question is from the line of Kumar Devyanshu, an individual investor. Please go ahead.
Vishal Periwal
Yeah. Good morning, sir. Congratulations for the very good set of numbers. I
Sanjai Kumar
Just want to have the attention regarding the order executed. Because as you have given the information that whatever the order. Just a minute. Your voice is not coming now.
Unidentified Participant
It is coming
Sanjai Kumar
Still. Hello. Yes.
Unidentified Participant
Yeah. Sir, just. I want to know that you have already given the information regarding the order book as of April 30th. So just could you please mention that what order book you have executed till yet out of that.
Sanjai Kumar
So order book means not executed as yet?
Unidentified Participant
No, no sir. Whatever the order you have executed. Executed. I’m talking about of FY26 total.
Sanjai Kumar
That all that gets converted into revenue. Whatever I’m saying 11,466 crore is unexecuted. Is not converted into any revenue. This will be get. This will be converted during the future course of time.
Unidentified Participant
Okay, so what order you have executed this year.
Sanjai Kumar
That is the revenue. That numbers I can’t tell you because that is the Q1 of this year. So those numbers are not yet declared for Q1. Last year’s revenue. I’ve already seen last year revenue.
Unidentified Participant
Okay, sir.
Sanjai Kumar
And the second question. Get to know the Q1 numbers. Yeah.
Unidentified Participant
Yeah. Sure, sir. And the second one is the. Could you please give the update on the guideline which we have given earlier. What is the progress till yet or what is your planning?
Sanjai Kumar
So our growth guidance will be around 20% for this financial year and last year also. So we have already met our earlier guidance guidelines also.
Unidentified Participant
Okay, sir. So there is no change in guideline. Am I right?
Sanjai Kumar
Yeah.
Unidentified Participant
Okay.
Sanjai Kumar
I would say. I would say that since the absolute number of revenue is increasing. So growth which was in the range of 25 kind of percent numbers earlier years previous years will certainly now be around 20%. Last year we did 22%.
Unidentified Participant
Okay, answer any capex plan
Sanjai Kumar
We have around Planned capex is around 300 crore.
Unidentified Participant
Okay, in. In which vertical sir? Business vertical
Sanjai Kumar
Data center. This will. This will be most of it will be in data center and our telecom network.
Unidentified Participant
Yeah and so just one thing could you please give your overall your business vertical that in which domain you are working there are the domain which are actually contributing the revenue
Sanjai Kumar
There are two broad domains Telecom and project Business Telecom is one which includes data center the other one is project. So where other various IT ICT projects are being executed by us?
Unidentified Participant
To just give this mention that I am not able to understand that the project side the telecom I’m able to understand that what are the businesses in this just on projects. Could you please elaborate a little bit?
Sanjai Kumar
I think it will take a lot of time to give you all these details. I’m sure you, you can go through the. Because it is not a small thing with your questions I think more of a fundamental nature so other investors would be waiting. Projects are kind of CCTV projects, IT projects, smart city projects, railway signaling projects, data centers creation for other organizations making their data centers so implementing hospital management information system kind of project. These are all kind of projects.
Unidentified Participant
Okay
Sanjai Kumar
Sir. Okay, thanks.
Vishal Periwal
Thank
Operator
You. Thank you sir. Anyone who wishes to ask questions may please press Star in one on the touchstone. We’ll take the next question from the line of Vishal Pereval from PL Capital. Please go ahead.
Vishal Periwal
Yes sir. Thanks for the opportunity and congratulations on great set of results. I think, I think maybe a couple of clarification. Is it fair to say that data center margin trajectory is a little bit on the higher side vis a visp when we report the numbers or that what you’re seeing in our working.
Sanjai Kumar
No, data center margins will not be higher than telecom, pure telecom.
Vishal Periwal
They won’t be. Okay, okay fine. Sure. And. And let me. Let me correct this
Sanjai Kumar
So presently. Yes, let me correct. I have confirmed it from our ed finance. So he’s saying yes right now. Yes but I think I can cannot comment upon the future trajectory because we are yet evolving in data center business.
Vishal Periwal
Okay. The reason I was okay sir, because I think because the reason is like you know we have seen a pretty strong up move in the quarter four margin though you did mention like you know there is could be a prior period one off but I think one trajectory change that we are seeing in our numbers is like you know that data center Revenues are increasing and the margins are also seeing a change. So we’re just trying to, I mean like, you know, correlate to that. Any, any relevance and how exactly to see the numbers.
But yes, I think maybe, I think earlier we were planning to have maybe like you know, if the business segment itself is becoming big data center. So can we have a separate sort of numbers that will also be helpful, helpful to the investors in general for data centers?
Sanjai Kumar
Yeah, we are, we are, we are planning.
Vishal Periwal
Okay. Okay, sure sir. And then next, I think in terms of the data center capacity as such, though you did mention like, you know, probably we are adding up indoor UJ and Vishakhapatnam. So in terms of trajectory, can you mention like you know, current operational capacity? FY26 is this megawatt and how exactly in terms of megawatt this number is changing say by FY27 end or maybe 28. So that will also help, I mean like investors in terms of like growth.
Sanjai Kumar
Yeah, yeah. So if we talk of data center. So we are, we are working out on a very comprehensive and hybrid kind of strategy in data center segment. It is, it is actually a capital heavy sector because you require a lot of capacities to invest in data center. So we have already shared with the investors earlier as well that we have developed partnership models wherein players like who have developed their real estate ready for data centers. There are partners who are investing in building our data centers and we have our own data centers.
So those all three kind of basically approach we are taking. And if we talk of capacity this year, so this year maybe we have added one data center already last year in Mumbai which is a small though and one smaller one. We have also set up at Noida data center site which is smaller ones, 500 kilowatt only. So roughly we will be having 3 megawatt this year. We have already have 3 and 3 megawatt and 5 megawatt capacity should be ready by May next year. Apart from this, as I told you that we already have readily available data center space with our partners who have created this real estate passive infrastructure.
And it depends mostly on the customer whether they are comfortable in our own data center or in data center real estate property owned by somebody else. We are entering into lease agreements with these real estate owners that is also happening so that our customers are more comfortable. So that is all we are trying to do and we are working really hard to focus on data center segment.
Vishal Periwal
Sure, sir. Sure sir. And though you didn’t mention on our guidance and historically I think we have seen you, I mean like you know, surprise. On a positive side in terms of actual delivery, I think one thing in terms of segmental breakup, in terms of guidance if one look project side you’re mentioning like you know we, we could be doing almost like 3500 odd crores revenue and and telecom side I think we have done pretty strong set of revenue growth in quarter four so projecting it could be there at least in the base quarter we don’t have so number wise it could be there in FY27.
So will that be fair to understand in terms of the numbers?
Sanjai Kumar
I think more or less you are correct.
Vishal Periwal
Okay. Okay. Sure sir. I think this is a bit from my side and I’ll come back in the queue sir.
Sanjai Kumar
Thank you.
Operator
Thank you. Anyone who wishes to ask questions may please press star and one on the touch. Ladies and gentlemen, as there are no further questions from the participants, we now conclude the call. On behalf of PL Capital, thank you for joining us and you may now disconnect your lines. Thank you.