IRCTC Q2 Results: PAT rises 4% YoY to Rs 308 cr; co declares dividend of Rs 4/share

State-run Indian Railway Catering and Tourism Corporation (IRCTC) on Monday reported 4% growth in its consolidated net profit to Rs 308 crore for the quarter ended September 30, 2024. It was Rs 295 crore in the last-year quarter.

Consolidated revenue from operations for the reporting period stood at Rs 1,064 crore, up 7% compared with Rs 992 crore posted in the corresponding period of last year.

The board has declared an interim dividend of Rs 4 per share of face value of Rs 2 each for the financial year FY25. The company has fixed November 14 as the record date for determining the eligibility of shareholders.

The company reported an EBITDA of Rs 373 crore in the July-September 2024 period, up marginally from Rs 367 crore logged in the last-year period. Meanwhile, margins declined marginally to 35.05%.

On a sequential basis, net profit after tax was flat compared with Rs 308 crore posted in the preceding June quarter. Meanwhile, revenues dropped 5% quarter-on-quarter.

Segment-wise, revenue from the catering segment was up about 12% to Rs 482 crore in the second quarter. The same stood at Rs 432 crore in the previous-year quarter.Meanwhile, revenues from the internet ticketing segment came in at Rs 371 crore in the reporting period, compared with Rs 327 crore in the last-year period. Revenues from the tourism segment were at Rs 90 crore, up from Rs 78 crore in the last-year quarter.On Monday, IRCTC shares declined 2% to Rs 815 on the NSE.

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