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.
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.
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%.
