IRCTC posts moderate profit growth in Q2 FY25, declares Rs 4 interim dividend

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Shares of Indian Railway Catering and Tourism Corporation (IRCTC) are expected to pull marketplace attraction pursuing the announcement of its Q2 FY25 results. The institution reported a 4 per cent summation successful consolidated nett profit, reaching Rs 308 crore for the 4th ending September 2024, compared to Rs 295 crore successful the aforesaid play past year. Revenue from operations besides grew by 7 per cent year-on-year (YoY), lasting astatine Rs 1,064 crore, up from Rs 992 crore.

The IRCTC committee has approved an interim dividend of Rs 4 per stock (face worth Rs 2), with November 14 acceptable arsenic the grounds day to find eligible shareholders.

Despite a emergence successful gross and profits, IRCTC’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw lone a marginal increase, increasing to Rs 373 crore from Rs 367 crore successful the aforesaid 4th past year. EBITDA margins somewhat declined to 35.05 per cent.

On a quarter-on-quarter (QoQ) basis, nett net remained level astatine Rs 308 crore, portion gross dipped by 5 per cent from the erstwhile June quarter.

Breaking down the quarterly gross by segment, IRCTC’s catering part saw a robust 12 per cent increase, generating Rs 482 crore against Rs 432 crore a twelvemonth ago. The net ticketing conception posted beardown gains, reporting Rs 371 crore, up from Rs 327 crore past year. The tourism part besides showed growth, with gross climbing to Rs 90 crore from Rs 78 crore successful Q2 FY24.

IRCTC’s Rail Connect app, a fashionable prime for railway ticketing, has played a important relation successful maintaining ticketing revenues arsenic it continues to beryllium a superior booking platform. Looking ahead, the institution is moving connected integrating its services with the upcoming Indian Railways ‘super app, which is anticipated to simplify ticketing and different railway services.

Ahead of the results, IRCTC shares fell 2 per cent connected Monday, closing astatine Rs 815 connected NSE.

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