IRCTC Q3 results: Net profit up 14% to Rs 341 crore, margin falls 34%, declares second interim dividend
The consolidated revenue from operations for the quarter was Rs 1,225 crore. This was a 10% increase in revenue year-on-year (YoY) from Rs 1,115 crore.
IRCTC Q3 results Net profit up 14 to Rs 341 crore, margin falls 34, declares second interim dividend
Railway Sector stock, Indian Railway Catering, and Tourism Corporation, on Friday, reported a 14% rise in consolidated net profit at Rs 341 crore for the third quarter (Q3) of the financial year 2024-25 from Rs 200 crore reported during the corresponding period of the previous year.
Sequentially, profit grew 11% from Rs 308 crore reported in the July-September quarter. The consolidated revenue from operations for the quarter was Rs 1,225 crore. This was a 10% increase in revenue year-on-year (YoY) from Rs 1,115 crore.
Sequentially, revenue went up 15% from Rs 1,064 crore. Total expenses for the October-December quarter also went up by 11% to Rs 825 crore, compared to Rs 740 crore during the same period last year and 17% from Rs 707 crore reported in the previous quarter.
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The earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 5.7% to Rs 417 crore in the third quarter, compared to Rs 394 crore in the same period last year. However, the margin decreased to 34% from 35.3% Y-o-Y. For the quarter ended December 31, 2024, IRCTC reported total revenue of Rs 1,229 crore from its segments.
This reflected a 9% Y-o-Y growth compared to Rs 1,120 crore. The segments include catering, rail neer, internet ticketing, and tourism. The tourism segment registered the highest growth, rising 16.06% to Rs 224 crore from Rs 193 crore. While IRCTC's catering segment generated the most revenue at Rs 555 crore, marking a 9.25% increase from Rs 508 crore YoY.
Read Also : PSU Dividend: IRFC and NMDC shares to get focus as PSU to trade ex-date on 21 MarchAdditionally, the board has declared a second interim dividend of Rs 3 per equity share with a face value of Rs 2.50 each. February 20 has been fixed as the record date for the payment of the second interim dividend for FY25.
Shares of IRCTC closed at Rs 751.25 on the BSE, down nearly 3% before the Q3FY25 financial results were released.
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