The results for the July-September quarter of IRCTC, the online ticket booking service provider of Indian Railways, will be released today. IRCTC's revenue is expected to grow by 4% year-on-year to about ₹1,170 crore, while the company's profit is expected to grow by about 7%.
IRCTC provides catering and tourism services in railways. The company also operates 2 Tejas trains. 12.38 lakh tickets are booked every day through its website and mobile app. The company also provides flight and bus travel booking facilities.
IRCTC shares fell 20% in 6 months, fell 3% today
Ahead of the results, IRCTC shares are trading at around Rs 800, down 3%. This year the company's shares have given negative returns of 10% and 20% in 6 months. At the same time, IICT's shares have increased by 20% in the last one year.
IRCTC's profit increased by 32.75% in the first quarter
Indian Railway Catering and Tourism Corporation Limited's profit in the first quarter (April-June) of the financial year 2024-25 was ₹ 308 crore, up 32.75% on a year-on-year basis (YoY). Consolidated net profit in the same quarter a year ago was ₹232 crore.
The company's revenue had increased by 11.88% on an annual basis. Revenue from operations stood at ₹1,120 crore in Q1FY25. Revenue was ₹1,001 crore in the same quarter a year ago. IRCTC had released the first quarter results on August 13.
IRCTC joined Indian Railways in 1999.
Indian Railway Catering and Tourism Corporation (IRCTC) is a 'Mini Ratna (Category-I)' 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.
Its objective is to manage catering and hospitality at stations, trains and other places. Along with this, domestic and international tourism is to be promoted through development of budget hotels, special tour packages, information and commercial publicity and global reservation system. The corporate office of IRCTC is located in New Delhi.
Core Activities of IRCTC
- Catering and Hospitality
- internet ticketing
- Travel and Tourism
- Packaged Drinking Water (Rail Neer)
Graphics Source: VaskarAssets
