IRCTC Q4 Results: Profit Jumps 30% YoY; Rs. 2 Dividend Announced!

For the fourth quarter that ended in March, standalone net profit increased by 30% year over year to Rs 279 crore. In the same period the previous year, the company reported a net profit of Rs 214 crore. For the March quarter, operating revenue increased 40% year over year to Rs 965 crore. In the same quarter of the previous year, it was Rs 691 crore. The company’s board has also recommended a final dividend for the fiscal year 2022–2023 of Rs 2 per equity share with a face value of Rs 2.

From the Rs 256 crore recorded in the prior December quarter, the profit after tax increased 9% in the fourth quarter when viewed sequentially. From Rs 918 crore in the third quarter, revenues grew by 5% quarter over quarter. The railway company’s net profit rose by 52% to Rs 1,006 crore for the entire fiscal year, while its operating revenue increased by 88% to Rs 3,541 crore.

During the reporting fourth quarter, the revenue from the catering category increased 49% year over year to Rs 396 crore. Revenues from the rail network segment, meanwhile, expanded 33% to Rs 73 crore in the last quarter of this financial year from Rs 55 crore in the same quarter last year. In comparison to the same period last year, the internet ticketing industry saw a slight increase, increasing from Rs 293 crore to Rs 295 crore. The tourism industry’s earnings, on the other hand, more than doubled to Rs 138 crore in the fourth quarter. 

The stock has a 52-week high of Rs 775, and a 52-week low of Rs. 557. The market capitalization of the company is Rs 50,740 crore.