IRCTC net profit jumps 13.7% YoY in Q3; announces second interim dividend

Indian Railway Catering and Tourism Corporation (IRCTC) has reported impressive financial results for the third quarter, showcasing significant growth in its earnings. The company’s net profit surged by 13.7% year-on-year (YoY), reaching ₹341 crore, up from ₹300 crore in the same quarter last year.

In terms of revenue, IRCTC saw a 10% increase, totaling ₹1,224.7 crore compared to ₹1,115.5 crore in Q3 of the previous year. The company’s EBITDA also rose by 5.7%, reaching ₹417 crore, as opposed to ₹394 crore recorded in the corresponding period of the previous year.

Despite the positive growth in profits and revenue, the company reported a slight dip in its EBITDA margin, which stood at 34% in Q3, compared to 35.3% in the same quarter of the previous year.

#3QWithCNBCTV18 | #IRCTC reports #Q3Results ????

????Net profit up 13.7% at ₹341 cr vs ₹300 cr (YoY)

????Revenue up 10% at ₹1,224.7 cr vs ₹1,115.5 cr (YoY)

????EBITDA up 5.7% at ₹417 cr vs ₹394 cr (YoY)

????Margin at 34% vs 35.3% (YoY) pic.twitter.com/d8oNO497QC

— CNBC-TV18 (@CNBCTV18Live) February 11, 2025

IRCTC declares interim dividend

The Board of Indian Railway Catering and Tourism Corporation (IRCTC) approved a second interim dividend of ₹3 per share for FY25 on February 11. The dividend, which amounts to 150% of the face value, will be paid on equity shares with a face value of ₹2 each. IRCTC has set February 20 as the record date to determine shareholder eligibility for the dividend.

IRCTC share price settled more than 3% lower today on the NSE, quoting at ₹750.10 apiece. The stock has corrected nearly 17% in the last one year.