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IRCTC Q1 ResultsNet Profit falls 5% to Rs 232 crore, revenue rises 17%

August 10, 2023
2 min read

IRCTC reported a standalone net revenue of Rs 232 crore, marking a 5 percent reduction from the previous year’s Rs 245 crore throughout the very same duration.

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Individuals required to social networks and stated the IRCTC site and app was down because early morning.
Individuals required to social networks and stated the IRCTC site and app was down considering that early morning.

In other words

  • IRCTC’s Q1 earnings drops 5% to Rs 232 crore
  • Earnings rises 17% YoY, reaching Rs 1,002 crore in Q1
  • Catering sector income grows 35%, contributes Rs 471 crore

IRCTC, the tourist and catering arm of the Indian Railways, on Wednesday revealed its monetary outcomes for the very first quarter ending June 2023.

The business reported a standalone net revenue of Rs 232 crore, marking a 5 percent decline from the previous year’s Rs 245 crore throughout the very same duration.

Regardless of the dip in revenue, IRCTC’s profits from operations increased 17 percent year-on-year (YoY), reaching Rs 1,002 crore in the very first quarter, compared to Rs 853 crore tape-recorded in the matching quarter of the previous year.

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Breaking down the profits sectors, the catering company reported a considerable 35 percent YoY development, contributing Rs 471 crore to the first-quarter earnings. This marks a boost from the Rs 352 crore created in the exact same quarter in 2015.

In addition, the Rail Neer section, which includes the sale of packaged drinking water, marked a 10 percent boost in profits, totaling up to Rs 96 crore in the existing quarter, compared to Rs 87 crore in the very same duration in 2015.

The business’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) revealed a development of 7 percent YoY, reaching Rs 343 crore for the quarter. The EBITDA margin stood at 34.2 percent.

On the digital front, the web ticketing company experienced a limited decrease of 4 percent in profits, settling at Rs 290 crore for the April-June duration. This remains in contrast to the Rs 302 crore made in the matching quarter of the previous year.

On the other hand, the tourist company marked a considerable rise of 58 percent in income, totaling up to Rs 130 crore for the present June quarter, rather than Rs 82 crore in the exact same duration in 2015.

IRCTC’s overall expenditures for the quarter rose by 23 percent, reaching Rs 677 crore compared to the Rs 548 crore sustained throughout the year-ago duration.

Prior to the release of the outcomes, IRCTC’s shares closed 0.89 percent greater at Rs 648.30 on the National Stock Exchange.

Modified By
Koustav Das
Released On
Aug 9, 2023

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