Back
PremiumIRCTC Q2 Results LIVE Updates: Indian Railway Catering and Tourism Corporation (IRCTC), the state-run railway ticketing and catering services provider, announced its financial results for the second quarter of FY25 today.
The company reported single-digit growth in both consolidated profit after tax (PAT) and revenue from operations for the September quarter.
PAT jumped 4.4% year-on-year (YoY) to ₹307.86 crore as compared to ₹294.67 crore in the corresponding quarter last fiscal year. Revenue from operations for the said quarter came in at ₹1,063.99 crore, a rise of 7.2% YoY. In the September quarter of FY24, this figure stood at ₹992.40 crore.
The company's board also declared an interim dividend of ₹4 per share on equity shares of face value of ₹2 each for FY 2024-25. The company has fixed November 14 as the record date to determine the eligibility of shareholders for the payout of the said dividend.
Stay tuned to our IRCTC Q2 Results Live blog for the latest updates.
IRCTC Q2 Results LIVE: The public sector company's total expenses for the quarter increased 9.79 per cent to ₹644.26 crore, compared to ₹707.38 crore in the same period a year ago.
IRCTC Q2 Results LIVE: IRCTC has appointed a new internal auditor, the Noida-based M/s S. K. Misra & Gujrati, Chartered Accountants, for the financial year 2024-25, according to the company's BSE filing on November 4.
IRCTC Q2 Results LIVE: Revenues from the Tourism segment tanked 27.35 per cent to ₹124.44 crore, compared year-on-year with ₹158.48 crore, as per the BSE filing.
IRCTC saw a quarter-on-quarter (QoQ) decline in the revenue from operations to ₹1,063.99 crore from ₹992.40 crore, down 4.79%. Meanwhile, PAT growth was flat QoQ to ₹307.86 crore from ₹307.71 crore in the June 2024 quarter.
The revenue from operations during the September quarter rose 7.21% YoY to ₹1063.99 crore. The figure stood at ₹992.40 crore in the previous year's quarter. Meanwhile, total income for the second quarter saw an 8.12% YoY rise to ₹1123.96 crore.
IRCTC declared an Interim Dividend of Rs.4/- per share on Equity Shares of face value of Rs.2/- each for the FY 2024-25. The company has fixed Thursday, November 14 as the record date for the purpose of payment of the interim dividend of the FY 2024-25.
Indian Railway Catering and Transportation Corporation (IRCTC) on Monday announced its financial quarter results for the quarter ended September 2024. The company posted a 4.47 per cent year-on-year (YoY) rise in profit to ₹307.86 crore as against ₹294.67 crore posted in the same quarter last fiscal.
IRCTC is a largecap company, operating in the travel and tourism sector. The company offers ticketing, catering, and tourism services for the Indian Railways. It is a Mini Ratna Company, operated by the Ministry of Railways of the Government of India.
The company has a market capitalisation of ₹65,296 crore and is part of the BSE100 index.
President of India is the promoter of the company, and holds a 62.4% stake in the PSU railway company. Meanwhile, LIC of India is the biggest domestic institutional investor (DII), having a 9.6% stake in the firm.
(Data: Trendlyne | As of Sept 202quarter)
Indian Railway Catering and Transportation Corporation (IRCTC) announced its Q2 results for fiscal 2023-24, reporting a 30.4% increase in net profit to ₹294.7 crore, up from ₹226 crore in the corresponding period last year.
The revenue from operations for the e-ticketing arm of Indian Railways in the second quarter reached ₹995.3 crore, reflecting a growth of 23.5% compared to ₹805.8 crore in the same quarter last year.
On the operating side, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the September quarter stood at ₹366.5 crore, marking a 20.2% increase from ₹304.9 crore in the previous year’s quarter.
IRCTC stock continued to trade lower on Monday, November 4 ahead of the earnings today and amid selloff in the Indian stock markets.
According to Trendlyne data, the IRCTC stock has three Strong Sell and one Sell rating from analysts. Meanwhile, it has one Hold, Buy and Strong Buy rating.
The consensus recommendation from seven analysts for Indian Railway Catering & Tourism Corporation (IRCTC) is SELL, shows Trendlyne data.
IRCTC share price has remained in the red this year, with the railway stock falling over 10% in one month and more 15% in three months. IRCTC stock price has declined more than 19% in six months and over 6% year-to-date (YTD).
Indian Railway Catering and Tourism Corporation (IRCTC) reported a 32.51% increase in net profit, reaching ₹307.71 crore for the April to June quarter of the financial year 2024-25, up from ₹232.21 crore in the same quarter last year.
The public sector company, which provides ticketing, catering, and tourism services, also announced that its revenue from operations grew by 11.81%, totaling ₹1,120.15 crore for the April to June quarter of 2024-25, compared to ₹1,001.78 crore in the corresponding period of the previous year.
The company had declared a final dividend of ₹4 per share in 2024. While in 2023, the company announced dividends of ₹2.50, ₹2 and ₹3.50 in November 2023, August 2023 and February 2023.
The company will consider another interim dividend today.
(Source: Trendlyne)
Institutional investors cut stakes in IRCTC during the September quarter, according to data from Trendlyne. Both FPIs and DIIs slashed their holding in the railway PSU stock.
While FPIs have decreased holdings from 7.78% to 7.54% in the September 2024 quarter, MFs have slashed stakes to 3.56% from 3.91% in the said quarter.
Shares of IRCTC were trading in the red ahead of the Q2 results today amid broader market weakness. Analysts expect single-digit growth in profit and revenue by the PSU company.
The Indian Railway Catering and Tourism Corporation (IRCTC) is set to announce its financial results for the second quarter of the fiscal year 2025 on November 4. Experts predict a modest rise of just over 4% in revenue from operations, reaching approximately ₹1,169 crore. This forecasted growth is based on the latest consensus estimates.
In addition to financial results, the company is expected to declare an interim dividend for FY 2024-25, providing further incentive for investors. This announcement is anticipated to be a focal point of the 142nd meeting of the Board of Directors, scheduled for the same day.
IRCTC has introduced several initiatives aimed at enhancing its service offerings and boosting revenue. Notably, the Advance Reservation Period (ARP) for ticket bookings has been reduced from 120 days to 60 days. This change is designed to alleviate long waiting lists, particularly during busy festive seasons, without affecting the number of trains or the company’s internet ticketing revenue.
Moreover, IRCTC's partnership with the National Capital Region Transport Corporation (NCRTC) under the ‘One India – One Ticket’ initiative marks a significant step in improving the travel experience for passengers. This collaboration aims to streamline ticket booking processes for Regional Rapid Transit Systems (RRTS) and Indian Railways, enhancing convenience for travelers across the country.
Analysts expect IRCTC to post decent growth in revenue and profit for the September 2024 quarter. Analysts see IRCTC Q2 revenue growth at 4% year-on-year to around ₹1,170 crore while its net profit could rise by 7% year-on-year
Experts predict IRCTC Q2 revenue from operations to grow over 4% year-on-year (YoY) to around ₹1,170 crore, while the company’s net profit is estimated to rise nearly 7% YoY.
IRCTC board to consider declaration of Interim Dividend for FY 2024-25, if any, today.
In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, November 14, 2024, as the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, if declared by the Board of Directors, it said in an exchange filing.
In terms of Regulation 29, Regulation 33, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the 142nd meeting of the Board of Directors of the Company is scheduled to be held on Monday, 4th November 2024, inter-alia, to consider and approve the un-audited financial results (Standalone and Consolidated) of the Company for the quarter and half year ended on 30th September 2024, after the same are reviewed by the Audit Committee, the company said in an exchange filing in October.
IRCTC Q2 Results LIVE: Indian Railway Catering and Tourism Corporation (IRCTC), the state-run railway ticketing and catering services provider, is set to announce its financial results for the second quarter of FY25 today. The IRCTC board will also consider an interim dividend for FY25.
