RailTel has ported a consolidated income of 20.02 billion in the fiscal year (FY) 2022-23, a growth of 27 per cent year-on-year (YoY) from Rs 15.78 billion in FY22. During the fiscal year, RailTel’s operating revenue witnessed a surge of 27 per cent, reaching a turnover of Rs 19.64 billion as opposed to Rs 15.48 billion in the previous year. The company’s market capitalisation stood at over Rs 50 billion.
Speaking during the company’s 23rd annual general meeting (AGM), Sanjai Kumar, chairman and managing director, RailTel, said that despite challenging market conditions and disruptions in the global supply chain, RailTel has demonstrated remarkable performance. He noted that over the past five years, the company has achieved growth in total income, and in FY23, its income has surpassed Rs 20 billion.
With regard to RailTel’s close partnership with the Indian Railways, Kumar said that RailTel has been playing a pivotal role in driving the digital transformation of Indian Railways. He informed that the company has implemented the National Informatics Centre (NIC) e-office, telepresence as a service (TPAS), and hospital management information system (HMIS). The company is working on the project of installation of an IP-based video surveillance system (VSS) at more than 5,000 railway stations and the work at 308 stations has been successfully completed. He added that RailTel is implementing the project of tunnel radio communication systems for various railway stations. It is actively exploring opportunities in related domains such as modern train communication systems and “kavach”.
Giving information about the monetisation exercise on RailTel’s Wi-Fi networks at railway stations, Kumar said that the company has established a strategic partnership with a consortium of companies to capitalise on the vast potential of this Wi-Fi network, which spans across 6,108 railway stations in the country.
Kumar informed that RailTel’s order book stands at Rs 48 billion having a footprint across multiple sectors such as railways, information technology, health, mining, coal, banking, and smart cities, among others. A resolution to pay a final dividend of Rs 1.05 per share (10.5 per cent of paid-up share capital) was also passed during the AGM.