RailTel Corporation of India Limited held its 24th annual general meeting (AGM) on August 21, 2024, through video conferencing. The meeting was addressed by Sanjai Kumar, chairman and managing director, RailTel where the annual report for the financial year 2023-24 (FY24) was also presented.
A resolution for the payment of interim dividend for FY24 and declaration of final dividend for FY24 of Rs 1.85 per share (18.5 per cent of paid-up share capital) was passed during this AGM.
Commenting on the annual report, Sanjai Kumar, said, “For the year ended March 31, 2024, the company achieved a total income of Rs 26.22 billion and total profit after tax (PAT) of Rs 2.46 billion registering a growth of 31 per cent in turnover and profits, as compared to FY23. Our growth over the year has been consistent and the 31 per cent growth in revenue and PAT has been quite encouraging. With a healthy order book, the company has visibility of substantial growth in operating Income in coming quarters”.
