Indian Railway Catering & Tourism Corporation Limited (IRCTC) has been in the spotlight after the Government of India granted it Navratna Status on March 3, 2025. This recognition, conveyed by the Department of Public Enterprises (DPE), enhances IRCTC’s operational and financial autonomy, allowing it to expand its business ventures.
On March 5, 2025, IRCTC share price opened at ₹673.05, almost unchanged from its previous close of ₹673.85. At 10:02 AM, the stock was trading 1.29% higher at ₹682.55 on the NSE. Notably, IRCTC hit its 52-week low of ₹656.05 on March 3, 2025.
On March 4, 2025, IRCTC opened at ₹674.95, reached a high of ₹681.50, and closed at ₹673.85, reflecting positive sentiment following the Navratna announcement.
The Navratna Status gives IRCTC greater financial independence, enabling it to undertake large-scale projects without government approval. This move strengthens its position in the railway and tourism sector.
Additionally, Indian Railway Finance Corporation Limited (IRFC) has also been granted Navratna Status, reinforcing the government’s focus on strengthening public sector enterprises.
For the quarter ended December 31, 2024, the company reported a total income of ₹1,28,120.20 lakh, marking an increase from ₹1,16,104.48 lakh in the same quarter last year. Sequentially, the revenue also saw growth from ₹1,12,396.23 lakh in the previous quarter. Profit after tax (PAT) from continuing operations stood at ₹34,108.94 lakh, reflecting a rise compared to ₹29,999.79 lakh in Q3FY24 and ₹30,786.53 lakh in Q2FY25.
With this recognition, IRCTC is expected to attract more institutional investors and explore new business opportunities, contributing to its long-term growth.
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Published on: Mar 5, 2025, 11:31 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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