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.
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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%.
IRCTC Share Price Today
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%.
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