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Business News/ Companies / Company Results/  IRCTC Q1 Results Highlights: Net profit drops 5% to 232 crore, revenue up 17% YoY; check details
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IRCTC Q1 Results Highlights: Net profit drops 5% to ₹232 crore, revenue up 17% YoY; check details

IRCTC Q1 Results: Indian Railway Catering and Tourism Corporation (IRCTC), the online railway ticket-booking services provider, reported a rise of 17 per cent in revenue during the June quarter. 

IRCTC share price traded higher ahead of the announcement of Q1 results today.Premium
IRCTC share price traded higher ahead of the announcement of Q1 results today.

IRCTC Q1 Results: Indian Railway Catering and Tourism Corporation (IRCTC), the online railway ticket-booking services provider, announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 9. The company, which also provides food services onboard trains, reported a decline of five per cent in standalone net profit to 232 crore, compared to 245 crore in the corresponding period last year.

Analysts had expected decent growth in earnings with estimated net profit rising by 6.7 per cent, while revenue in Q1FY24 was expected to rise by 9.3 per cent on a year-on-year (YoY) basis. IRCTC share price traded higher ahead of the release of Q1 earnings.

Stay tuned to our IRCTC Q1 Results Live Blog for latest details on IRCTC Q1 results 2023.

09 Aug 2023, 06:12:40 PM IST

IRCTC Q1 Results

This live blog session has ended. Stay tuned to Live Mint for the latest business and market updates.

09 Aug 2023, 06:12:00 PM IST

IRCTC Q1 Results Live: IRCTC shares in focus tomorrow

Shares of IRCTC will be in focus during tomorrow's trading session after reporting Q1FY24 results today. On Wednesday, shares settled 0.86 per cent higher at 648.80 apiece on the BSE.

09 Aug 2023, 06:09:02 PM IST

IRCTC Q1 Results Live: Ticketing biz revenue

IRCTC's revenue from the internet ticketing business declined 4 per cent to 290 crore in the April-June quarter, from 302 crore during the same period the previous year. The revenue from the tourism business rose 58 per cent to 130 crore in the June quarter, up from 82 crore in the corresponding period last year.

09 Aug 2023, 06:04:40 PM IST

IRCTC Q1 Results Live: Appointment

The company appointed M/s N K Bhargava & Co., chartered accountants as internal auditor of the company for the fiscal year 2023-24 and 2024-25, said IRCTC in a regulatory filing to the stock exchanges.

09 Aug 2023, 05:53:23 PM IST

IRCTC Q1 Results Live: Procurement of helpdesk

The company's board has approved investment for the procurement of hardware and software with 24x7 helpdesk for ICT Infra refresh of NGeT System, with three years warranty support at a cost of 78 crore.

09 Aug 2023, 05:40:08 PM IST

IRCTC Q1 Results Live: Segment performance

The revenue from the catering segment rose 35 per cent to 471 crore during the June quarter, compared to 352 crore in the year0ago period. Also, revenue from the rail neer segment rose 10 per cent to 96 crore in the quarter under review against 87 crore in the last-year period.

09 Aug 2023, 05:13:36 PM IST

IRCTC Q1 Result Live: EBITDA up 6% to ₹343 crore

On the operating front, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) during the June quarter came in at 343 crore, reporting a growth of 6.9 per cent, compared to 321 crore in the year-ago period. Margins came in at 34.2 per cent, compared to 37.6 per cent in the year-ago period.

09 Aug 2023, 05:04:10 PM IST

IRCTC Q1 Results Live: Revenue rises 17% YoY

Revenue from operations during the June quarter stood at 1,001 crore, registering a growth of 17 per cent, compared to 852.6 crore in the year-ago period.

09 Aug 2023, 05:00:39 PM IST

IRCTC Q1 Results Live: Net profit drops 5% YoY

IRCTC reported a standalone net profit of 232 crore in the June quarter, compared to 245 crore in the corresponding period last year.

09 Aug 2023, 04:08:36 PM IST

IRCTC Q1 Results Live: Brokerage expect net profit to rise 20% YoY

Analysts largely expect IRCTC to see a 20.2 per cent year-on-year increase in revenue to 1,025 crore for the quarter ended June 30 on robust business of its catering unit. 

09 Aug 2023, 03:38:03 PM IST

IRCTC Q1 Results Live: IRCTC shares end higher ahead of Q1 results

IRCTC share price ended higher on Wednesday ahead of the announcement of Q1 results later today. IRCTC shares closed 0.74% higher at 648.00 apiece on the BSE.

09 Aug 2023, 03:07:30 PM IST

IRCTC Q1 Results Live: IRCTC March quarter internet ticketing revenue was at ₹295.12 crore

IRCTC’s internet ticketing revenue in the March quarter saw marginal upside to 295.12 crore as against 292.82 crore in Q4 of previous fiscal. State Teertha revenue was at 65.44 crore --- registering over 2.5 times jump from 25.81 crore in Q4FY22.

09 Aug 2023, 02:35:01 PM IST

IRCTC Q1 Results Live: IRCTC March quarter catering business revenue grew 49%

IRCTC's revenue from catering business in the quarter ended March 2023 stood at 395.77 crore as against 266.19 crore in Q4FY22 -- registering a growth of 48.67%. 

Revenue from Rail neer jumped by 34.35% to 73.36 crore in Q4FY23 versus 54.60 crore a year ago same quarter.

09 Aug 2023, 01:58:09 PM IST

IRCTC Q1 Results Live: EBITDA growth seen 5% YoY, margins to contract

IRCTC’s earnings before interest, taxes, depreciation and amortization (EBITDA) during Q1FY24 is expected to rise by 4.9% to 336.7 crore from 320.9 crore, YoY, according to Prabhudas Lilladher estimates.

EBITDA margin during the quarter may decline by 150 basis points (bps) to 36.1% from 37.6% in the year-ago quarter.

09 Aug 2023, 12:50:09 PM IST

IRCTC Q1 Results Live: IRCTC shares rally over 1% ahead over Q1 results

IRCTC share price rallied more than 1% on Wednesday ahead of the announcement of Q1 results today. IRCTC stock gained as much as 1.36% to hit an intraday high of 652.00 per share on the BSE.

09 Aug 2023, 11:52:52 AM IST

IRCTC Q1 Results Live: IRCTC shares flat YTD

IRCTC share price has remained flat this year so far with just 1.3% gains YTD. In the last three months, IRCTC stock price has gained just slightly over 4%.

09 Aug 2023, 11:26:25 AM IST

IRCTC Q1 Results Live IRCTC reported net profit of ₹278.8 crore in March quarter

IRCTC earned a net profit of 278.8 crore in the fourth quarter of FY23, rising by 30.4% from a profit of 214 crore in the same quarter a year ago. IRCTC posted double-digit growth across key parameters on a year-on-year basis and also recommended a dividend of 100% for its shareholders.

Revenue from operations jumped by 39.7% to 965 crore in Q4FY23, as against 691 crore in Q4 of the previous fiscal.

09 Aug 2023, 10:51:19 AM IST

IRCTC Q1 Results Live: IRCTC shares gain ahead of Q1 earnings

IRCTC share price gained ahead of the release of Q1 earnings later today. IRCTC stock price was trading 0.34% higher at 645.45 apiece on the BSE.

09 Aug 2023, 10:34:47 AM IST

IRCTC Q1 Results Live: Convenience revenue likely to be ₹1.9 billion

Excluding the last 11-days of June, the cumulative non-suburban PRS traffic stood at 162 million. Assuming in the 3rd bucket period of June, passenger traffic settles down at 20 million, collective passenger traffic for the quarter would stand at around 182 million. Given 1.7-1.8x passengers travel per e-ticket, we expect online bookings of 100 million in Q1FY24 resulting in convenience revenue of 1.9 billion, brokerage firm Prabhudas Lilladher said.

It retained a ‘Hold’ rating on IRCTC with a target price of 679 per share.

09 Aug 2023, 10:14:31 AM IST

IRCTC Q1 Results Live: Ticketing volumes likely to be at 100 million

IRCTC’s ticketing volumes are expected to be at 100 million for the quarter ended June 2023, with convenience fee income of 1.9 billion, as per estimates by brokerage firm Prabhudas Lilladher.

09 Aug 2023, 10:02:07 AM IST

IRCTC Q1 Results Live: Operating profit may rise 5% YoY, margins to contract

IRCTC’s earnings before interest, taxes, depreciation and amortization (EBITDA), which is operating profit, during Q1FY24 is expected to rise by 4.9% to 336.7 crore from 320.9 crore, YoY, according to analysts’ estimates.

EBITDA margin during the quarter may decline by 150 basis points (bps) to 36.1% from 37.6% in the year-ago quarter.

09 Aug 2023, 09:53:22 AM IST

IRCTC Q1 Results Live: Topline growth seen at 9.3% YoY

IRCTC is likely to report a topline, or revenue, of 932.2 crore in the quarter ending June 2023, witnessing a growth of 9.3% from 853.6 crore in the corresponding quarter of last year, by catering and tourism business.

However, on a sequential basis, IRCTC’s Q1 revenue is expected to fall by 3.4% from 965 crore in the March quarter.

09 Aug 2023, 09:47:15 AM IST

IRCTC Q1 Results Live: IRCTC shares gain ahead of Q1 results

IRCTC share price traded higher ahead of the release of Q1 results 2023 today. IRCTC stock price gained as much as 0.72 to 647.90 apiece on the BSE.

On Tuesday, IRCTC shares ended at 643.25 apiece.

09 Aug 2023, 09:43:55 AM IST

IRCTC Q1 Results Live: Net profit likely to rise 6.7% YoY to ₹262 crore

IRCTC’s net profit in the quarter ended June 2023 is expected to rise 6.7% to 262 crore from 246 crore in the same quarter last year.

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