IRCTC Q3 Results: Profit Rises 14%, Margin Narrows

Indian Railway Catering and Tourism Corp. also announced an interim dividend of Rs 3 per share of a face value of Rs 2 each for financial year 2024–25.

Profit of Indian Railway Catering and Tourism Corp (IRCTC) increased to Rs 341 crore in Q3FY25. (Photo Source: Envato)

Indian Railway Catering and Tourism Corp.'s consolidated net profit rose 14% in the third quarter of the current financial year.

The ticketing company posted a profit of Rs 341 crore in the December quarter in comparison to Rs 300 crore in the year-ago period, according to an exchange filing on Tuesday.

IRCTC Q3 FY25 Highlights (Consolidated, YoY)

  • Revenue up 9.8% to Rs 1,224.7 crore versus Rs 1,115.5 crore.

  • Ebitda up 6% to Rs 416.6 crore versus Rs 394 crore.

  • Margin narrows to 34% versus 35.3%.

  • Net profit up 14% to Rs 341.1 crore versus Rs 300 crore.

Also Read: GSFC Q3 Results: Net Profit Rises 6.25% To Rs 119 Crore On Higher Income

The company announced an interim dividend of Rs 3 per share of a face value of Rs 2 each for financial year 2024–25. The board has set Feb. 20 as the record date for determining the shareholders eligible for the dividend payout. The company had previously declared a dividend of Rs 4 in November.

Shares of IRCTC closed 2.94% lower at Rs 773.70 apiece on the NSE, compared to a 1.32% fall in the benchmark Nifty. The stock has fallen by 20.04% 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%.

Also Read: Q3 Result Updates: Vodafone Idea Loss Contracts Lesser Than Expected; IRCTC And NBCC Profit Rises

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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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