IRCTC Declares Second Interim Dividend Of Rs 3 Per Share
IRCTC board has fixed Feb. 20 as the record date to determine the shareholders eligible for the dividend payout.
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.
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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%.
