Saturday 22nd January 2022

RailTel declared Rs.1.20 per share Dividend in 21st AGM, posted highest ever Consolidated Income in FY 21 ‘21% Y-O-Y Growth’

Sep 29th, 2021 5:32 pm | By | Category: SPECIAL NEWS COVERAGE


(THE NEWSMAN OF INDIA.COM)
RailTel declared Rs.1.20/- per share final dividend for the FY 2020-21 to its shareholders in its 21st Annual General Meeting (“AGM”) held on 29th September 2021 through video conferencing. Despite the covid 19 pandemic, the company has posted highest ever consolidated income of Rs. 1411 Crore in Fy 20-21 which is a growth of 21% over consolidated income of Rs. 1166 Crore in FY 19-20.

With this, RailTel has posted a Profit before tax of Rs. 197 Crore and Profit after tax of Rs. 142 Crore during the Financial Year 2020- 2021 on consolidated basis. The total dividend pay-out for the FY 2020-21 by the Company to its shareholders would be Rs. 70.60 Cr. which includes interim dividend of Rs. 32.09 crore, already paid to the Shareholders

On this occasion, Puneet Chawla, Chairman and Managing Director of RailTel, addressed the stakeholders and apprised them of the latest developments and future plans of the company. Sanjai Kumar, Director/NPM, A.K. Singh, Director (Finance) & Chief Finance Officer alongwith other senior officials of RailTel attended the AGM and other shareholders of the company connected to the meeting through video conferencing.

Talking about the current business scenario, Puneet Chawla, Chairman and Managing Director of RailTel said, “Covid19 pandemic has thrown unprecedented challenges as well as opportunities for the company. With digitalization of business becoming focus demand for our services like retail broadband, VPN, Video conferencing Data Centre has multifold. We are also focusing more on services which facilitate remote working as hybrid office is the need of the hour. We are also focusing on providing innovative IoT, ML, AI based services as a strategy for continuing the growth trajectory. We already have substantial revenue generation from sectors like Railways, coal, defense, banking etc. which we intend to further grow. But at the same time, we are exploring opportunities in various other sectors, especially Education and Health etc.”

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