RailTel has registered a consolidated income of Rs 12.43 billion (provisional and unaudited) in the financial year (FY) 2019-20. This represents a significant growth of 20 per cent over the income reported in FY 2018-19.
The company witnessed this growth despite pressure on margins due to intense competition in the telecom market. While, the telecom market has been posing negative growth for the past few years, RailTel has not only managed to stay profitable but also recorded significant growth over the years. The net worth of the company has also grown steadily and consistently. The company has maintained steady profit and has been consistently paying dividends to the Ministry of Railways. RailTel is also one of the consistently profit-making telecom public sector undertaking (PSU) despite gloomy market condition.
The FY 2019-20 has been challenging as well as rewarding for RailTel. RailTel has been featured in the Fortune Magazine’s Next 500 list of the top midsize companies operating in India. Apart from RailTel, the only other Railway PSU featuring in this list is IRCTC.