IRCTC Shares Surge As Q4 Profit Beats Estimates

Share price for Indian Railway Catering and Tourism Corp. rose 3.05% to reach Rs 800 apiece on Thursday after the company's net profit beat analysts' estimates.

Indian Railway Catering and Tourism Corp.'s consolidated net profit rose 26% to Rs 358.2 crore in the fourth quarter, as compared to Rs 284.2 crore in the year-ago period, according to an exchange filing on Wednesday. It beat the Bloomberg estimate of Rs 329 crore.

The public sector undertaking saw an exceptional gain of Rs 45.68 crore in the fourth quarter.

Revenue was up 10.1% to Rs 1,268.52 crore, compared to Rs 1,151.71 crore in the year-ago period. That compared with the Bloomberg estimate of Rs 1,249 crore.

Ebitda grew 6% to Rs 385.48 crore, against Rs 362.43 crore, while margin contracted to 30.4% from 31.5%.

The scrip rose as much as 3.05% to Rs 800 apiece, the highest level since May 20, 2025. It pared gains to trade 0.35% higher at Rs 779.10 apiece, as of 9:35 a.m. This compares to a 0.22% advance in the NSE Nifty 50.

The stock has fallen 1.11% on a year-to-date basis and is down 25.50% in the last 12 months. Total traded volume so far in the day stood at 18 times its 30-day average. The relative strength index was at 50.70.

Out of nine analysts tracking the company, six maintain a 'buy' rating and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 26.7%.