Indian Railways' online ticket booking service provider IRCTC will announce its July-September quarter results today. IRCTC's revenue is expected to grow by 4% year-on-year to around ₹1,170 crore, while the company's profit is expected to grow by around 7%.
IRCTC provides catering and tourism services in railways. The company also runs 2 Tejas trains. 12.38 lakh tickets are booked daily through its website and mobile app. The company also provides flight and bus travel booking facilities.
IRCTC shares down 20% in 6 months, down 3% today Ahead of the results, IRCTC shares fell 3% to around Rs. 800 is being traded. This year the company's stock has given negative returns of 10% and 20% in 6 months. At the same time, IICT shares have gained 20% in the last one year.
IRCTC's profit rose 32.75% in the first quarter Indian Railway Catering and Tourism Corporation Limited's profit for the first quarter (April-June) of FY 2024-25 was ₹308 crore, up 32.75% year-on-year (YoY). Consolidated net profit was ₹ 232 crore in the same quarter a year ago.
The company's revenue has grown 11.88% year-on-year. Income from operations in Q1FY25 was ₹1,120 crore. Revenue was ₹1,001 crore in the same quarter a year ago. IRCTC announced its first quarter results on August 13.
IRCTC joined Indian Railways in 1999 Indian Railway Catering and Tourism Corporation (IRCTC) is a 'Mini Ratna (Category-1)' Central Public Sector Enterprise under the Ministry of Railways, Government of India. IRCTC was incorporated as a branch of Indian Railways on 27 September 1999.
It aims to manage catering and hospitality at stations, trains and other places. It also aims to promote domestic and international tourism through development of budget hotels, special tour packages, information and commercial promotion and global reservation system. The corporate office of IRCTC is located in New Delhi.
Main Activities of IRCTC
- Catering and Hospitality
- Internet ticketing
- Travel and tourism
- Packaged drinking water (rail neer)
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
