Financial
IRCTC Q3 results out, Net profit rises by 17.4% to Rs 299.9 crore
The Indian Railways Catering and Tourism Corporation has announced its quarterly results which reported a net consolidated profit up by 17.4% to stand at Rs 299.9 crore in the December-end quarter of FY24.
Advertisement
The revenue from operations rose 21.81% to Rs 1118.3 crore year-on-year basis, compared to Rs 918.1 crore in Q3FY23. The company’s previous net profit stood at Rs 255.5 crore for Q3FY23. While, the EBITDA is uplifted by 21% to Rs 394 crore, compared to Rs 325.9 crore in Q3FY23. The EBITDA margin dropped slightly to 35.2% in Q3FY24 compared to 35.5% in the previous year’s quarter.
The share price of the company is trading 0.80% higher at Rs 918.25. The EPS has reported being Rs 3.88 per share up by 0.45%. The shares are opened today at Rs 915.50 and the M-cap of the company is reported to be currently at Rs 73.32 crore. The Profit to Earning ratio is 69.07.