IRCTC Q1 Results: Profit, Revenue Rise

Indian Railway Catering & Tourism Corp. posted a 7% rise in its consolidated net profit for the first quarter of the current financial year.

IRCTC reported a bottom line of Rs 330.7 crore as compared to Rs 307.7 crore in the year-ago period, according to an exchange filing on Wednesday.

• Revenue up 3.8% to Rs 1,159.68 crore versus Rs 1,117.58 crore.

• Net profit up 7% to Rs 330.7 crore versus Rs 307.71 crore.

• Ebitda up 6% to Rs 397.26 crore versus Rs 374.91 crore.

• Margin at 34.3% versus 33.5%.

Shares of IRCTC closed 0.94% higher at Rs 727.35 apiece on the National Stock Exchange before the announcement, compared to a 0.54% advance in the benchmark Nifty. The share price has fallen 7.57% on a year-to-date basis and 20.81% in the last 12 months.

Out of the nine analysts tracking the company, six maintain a 'buy' rating on the stock, one recommends a 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts price targets implies a potential upside of 14.3%