NEW DELHI . The 14th Annual General Meeting of the, a Miniratna, Category-I PSU under the Ministry of Railways was held on 27th September 2013 here in Delhi. Sh. presented the Financial Report and the Report of Board of Directors and Auditors’ in the Meeting.
During the year 2012-13, Indian Railway Catering and Tourism Corporation Limited (IRCTC) has achieved a total income of Rs. 719.69 crores with a Gross Profit of Rs. 92.41 crores as compared to a total income of Rs. 554.11 crores with a Gross Profit of Rs. 76.54 crores in the year 2011-12. The Net Worth of the Corporation has also increased to Rs. 291.77 crores from last year’s Rs. 246.70 crores. The Board of Directors has recommended a final dividend of Rs. 11.77 crores, which is 20% of Net Profit, this year as against Rs. 9.71 crores paid in the previous year. This works out to 58.85% of the Paid up Equity Share Capital.
This was stated by Shri Rakesh Tandon, CMD,IRCTC, while presenting the Financial Result of co. during the Annual General Meeting of theheld yesterday. The total income of the Corporation, owing to the above shifting of Railway Catering business, surely went down to Rs. 554.11 crores in 2011-12 from Rs. 764.93 crores in 2010-11. The company has made significant strides in Catering, Tourism, Railneer and e-ticketing services the result of which shows in the overall performance of the Corporation.