IRCTC Q2 FY25 Earnings Profit Rises 4.47%, Declares ₹4 Interim Dividend

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) reported its financial results for the July-September quarter of FY 2024-25 on November 4, 2024. 

The company’s net profit saw a modest increase of 4.47% to ₹307.86 crore, compared to ₹294.67 crore in the same quarter last year, as per the filing with the Bombay Stock Exchange (BSE). Revenue from operations also climbed 7.2% to ₹1,063.99 crore, up from ₹992.40 crore year-over-year. However, the company’s total expenses grew by 9.79% to ₹644.26 crore from ₹707.38 crore in the corresponding quarter of the previous year.

Stock Performance

Following the results announcement, IRCTC’s share price dipped by 1.89%, closing at ₹816.20 on Monday, down from Friday’s closing price of ₹831.95. 

Segment Revenue Highlights

IRCTC’s business segments showed varying levels of performance in the quarter-

• Catering Services: Revenue from catering rose 11.68% to ₹481.95 crore, up from ₹431.52 crore in the previous year’s quarter.
• Internet Ticketing: The internet ticketing segment saw a 13.36% rise in revenue, reaching ₹370.95 crore, compared to ₹327.50 crore in the same quarter last year.
• Tourism Segment: The tourism division experienced a decline, with revenue dropping 27.35% to ₹124.44 crore, down from ₹158.48 crore year-over-year.

Corporate Action and Dividend Announcement

IRCTC’s board has approved the appointment of Noida-based M/s S. K. Misra & Gujrati, Chartered Accountants, as the new internal auditor for FY 2024-25. Also, the company declared an interim dividend of ₹4 per share on equity shares with a face value of ₹2 each. The record date for this interim dividend is set for Thursday, November 14, 2024.

On November 05, 2024, IRCTC’s share price opened at ₹795.00 and touched the day high of ₹827.75 at 10:12 AM on the NSE. 

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