IRCTC Q2, revenue rises 7% YoY to Rs 1,064 crore, declares interim dividend of Rs 4 per share

The consolidated net profit of the Indian Railway Catering and Tourism Corporation (IRCTC) increased by 4.47%, reaching Rs 307.87 crore in the second quarter of FY25, compared to Rs 294.68 crore in the same quarter of FY24. Revenue from operations grew by 7.21%, totaling Rs 1,064 crore in Q2 FY25, up from Rs 992.40 crore in Q2 FY24.

Additionally, profit before tax for Q2 FY25 was Rs 416.58 crore, showing a growth of 5.40% from Rs 395.21 crore reported in Q2 FY24.

Total expense jumped 9.79% year on year to Rs 707.38 crore in Q2 FY25. Cost of materials consumed was at Rs 16.47 crore (down 8.90% YoY), expenses of catering services stood at Rs 346.46 crore (up 18.90% YoY), tourism expenses were at Rs 105.02 crore (down 23.74% YoY) and manufacturing and direct expenses stood at Rs 47.17 crore (up 16.90% YoY) during the period under review.

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The Revenue from Catering was Rs 481.96 crore (up 11.68% YoY), Rail Neer was at Rs 90.22 crore (up 15.66% YoY), Internet Ticketing stood at Rs 370.96 crore ( up 13.27% YoY) and Tourism was at Rs 124.45 crore (down 21.47% YoY) during the quarter.

On a half-year basis, the company's net profit jumped 16.83% to Rs 615.58 crore on an 8.64% decline in revenue from operations to Rs 1,993 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared an interim dividend of Rs 4 per share for the financial year 2024-25 and has set the record date on 17 November 2024.

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