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.
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.
Read Also : SJVN Limited holds 36th Annual General MeetingThe 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.
Read Also : BEL signs Agreement with Reliasat Inc. Canada to make a foray into space domainNews Must Read
- India’s Largest Bank, SBI raised Rs. 7,500 cr
- Indian Bank raises Rs. 5,000 Crores through issuance of Bonds
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39