IRCTC Q4 Results: Net profit up 2% to Rs 284 crore

IRCTC Q4 Results: Net profit up 2% to Rs 284 crore

State-owned Indian Railway Catering and Tourism Corporation (IRCTC) has announced its fourth-quarter results for FY 24, reporting a rise of two percent in its consolidated net profit at Rs 284 crore, as against Rs 279 crore in the corresponding period of last year.

The railway’s arm had reported a 19 percent rise in revenue from operations to Rs 1,155 crore in the March quarter, as against Rs 965 crore in the previous year period. The railway public sector undertaking (PSU) board has recommended a final dividend of Rs 4 per share at 200 percent of the paid-up share capital, of face value of Rs. 2 each for FY24, subject to the approval of shareholders.

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The final dividend is in addition to the interim dividend of Rs.2.50 per share (at 125 percent of the paid-up share capital) declared by the board of directors in November 2023 and already paid to the shareholders, said IRCTC in a regulatory filing to the stock exchanges.

On an operating level, the railway PSU's earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 11.6 percent to Rs 362.4 crore, as against Rs 324.6 crore in the same period last year. EBITDA Margin stood at 31.4 percent versus 33.6 percent in the preceding year.

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