IRCTC Q3 profit rises 14% to Rs 341 cr, tourism segment leads growth
Mumbai: State-owned Indian Railway Catering and Tourism Corporation (IRCTC) posted a 14% increase in consolidated net profit, reaching Rs 341 crore for the third quarter (Q3) of FY25, up from Rs 200 crore in the same period last year, Business Standard reported.
On a sequential basis, profit rose 11% from Rs 308 crore reported in the previous quarter.
The company’s consolidated revenue from operations stood at Rs 1,225 crore, reflecting a 10% year-on-year (YoY) growth from Rs 1,115 crore.
Compared to the July-September quarter, revenue rose 15% from Rs 1,064 crore.
Total revenue, including all segments, reached Rs 1,229 crore, marking a 9% YoY growth from Rs 1,120 crore.
The tourism segment saw the highest growth, surging 16.06% to Rs 224 crore from Rs 193 crore.
Catering remained the largest revenue contributor, generating Rs 555 crore, an increase of 9.25% from Rs 508 crore last year.
Rail Neer sales grew 14.76% to Rs 96.4 crore, up from Rs 84 crore, while internet ticketing revenue climbed 5.67% to Rs 354 crore from Rs 335 crore in the corresponding quarter of the previous year.
IRCTC also announced a second interim dividend of Rs 3 per equity share with a face value of Rs 2.50.
The record date for dividend payment has been set as February 20.
Ahead of the Q3 results, IRCTC’s stock closed at Rs 751.25 on the BSE, declining nearly 3%.
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