Indian Railway Catering And Tourism Corp.'s board of directors declared a second interim dividend of Rs 3 per equity share of face value of Rs 2 each for financial year 2024-25, according to an exchange filing on Tuesday.
To determine the shareholders eligible for the dividend payout, the IRCTC board has fixed a record date of Feb. 20, 2025, the filing added.
Earlier, in November, the railway sector public sector undertaking had declared an interim dividend of Rs 4 per share on face value of Rs 2 each.
IRCTC, on Tuesday, also posted its financial results for the quarter ended Dec. 31, 2024. The PSU posted a net profit of Rs 341.1 crore, up 13.7% from Rs 300 crore in the year-ago period.
The revenue went up by 9.8% to Rs 1,224.7 crore in the third quarter, compared to Rs 1,115.5 crore in the year-ago period.
The company's earnings before interest, taxes, depreciation, and amortisation increased by 5.7% to Rs 416.6 crore during the quarter under review, compared to Rs 394 crore in the corresponding period of the last fiscal. The margin contracted to 34% from 35.3%.
IRCTC Q3 Highlights (Consolidated, YoY)
Revenue up 9.8% at Rs 1,224.7 crore versus Rs 1,115.5 crore.
Ebitda up 6% at Rs 416.6 crore versus Rs 394 crore.
Margin at 34% versus 35.3%.
Net profit up 13.7% at Rs 341.1 crore versus Rs 300 crore.
Shares of IRCTC closed 3.05% lower at Rs 750.1 apiece on the NSE, compared to a 1.32% decline in the benchmark Nifty 50 index. The stock has fallen by about 20% in the last 12 months.
Out of nine analysts tracking the company, four maintain a 'buy' rating on the stock, two recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 28%.
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