The profit sharing with state governments is there as their investment has been in the form of share capital. Therefore, the earnings will be in the form of dividends. KR has just earned a profit of Rs 2-3 crores over the past two years, before this KR was in the red, more as a result of debt servicing. My gut feeling at looking at the financials is that within a 2-3 years more, the state governments will be given dividend cheques. In the meanwhile you may be interested to look at KR's equity structure/share holding pattern
As on 31.03.2011
Ministry...
more... of Railways 411,28,74,000
Government of Maharashtra 177,42,24,000
Government of Goa 48,38,79,000
Government of Karnataka 120,96,98,000
Government of Kerala 48,38,80,000
In addition KR has Preference Share Capital:
The Authorised and Paid-up Preference Share Capital of the Corporation stood at
Rs 4079,51,00,000 (Rupees Four thousand seventy nine crore fifty one lakhs only) held by the President of India through Ministry of Railways as on 31.03.2011