New Delhi: RailTel Corporation of India Ltd (RailTel) has reported a net profit of Rs 300 crore for the financial year 2024-25. The results were presented during the company’s 25th Annual General Meeting (AGM), held on Wednesday, through video conferencing under the chairmanship of RailTel's Chairman and Managing Director (CMD) Sanjai Kumar.
The AGM approved the adoption of the audited financial statements for FY 2024-25 along with the reports of the Board of Directors, Auditors, and the Comptroller and Auditor General of India (C&AG). The meeting was attended by RailTel board members, including V Rama Manohara Rao (Director–Finance), Manoj Tandon (Director–Project, Operations & Maintenance), Yashpal Singh Tomar (Director–Network Planning & Marketing), Government Nominee Directors Rameshwar Meena and Ranjit Kumar, and Independent Directors Dr. Subhash Sharma and Asha Sharma.
Shareholders cleared resolutions for the confirmation of interim dividend and the declaration of a final dividend of Rs 0.85 per share (8.5% of paid-up share capital) for FY 2024-25. This takes the total dividend for the year to Rs 91.47 crore, translating to Rs 2.85 per share (28.5% of paid-up share capital).
CMD Sanjai Kumar, in his address to shareholders, said RailTel achieved its highest-ever operating revenue of Rs 3,478 crore in FY 2024-25, marking a 35% year-on-year growth. Profit Before Tax stood at Rs 402 crore, while Profit After Tax was Rs 300 crore. “These figures underline our strong and consistent financial performance,” Kumar said. He added that with an order book of Rs 7,288 crore, the company has visibility of substantial growth in the coming years.
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