IRCTC reported its earnings for the quarter ended June on Tuesday afternoon.
What Happened: The company’s net profit for the quarter rose by 32.5% to ₹307.7 crore, up from ₹232 crore in the same period last year. Revenue increased by 11.8% year-on-year, reaching ₹1,120.2 crore.
EBITDA for the April-June period grew by 9.3% YoY to ₹375 crore, though EBITDA margins slightly narrowed to 33.5% from 34.2% last year.
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The railway major’s catering business saw revenue rise to ₹558 crore, up from ₹477 crore last year. The Internet Ticketing business, the second-largest segment, saw its revenue grow to ₹329 crore from ₹290 crore last year. Revenue from Rail Neer came in at ₹111 crore, up from the ₹95.93 crore posted in the same quarter last year.
The tourism business experienced a decline, with revenue falling to ₹124 crore, down from ₹142 crore in the same period last year.
Price Action: IRCTC’s share price was down 0.64% to close at ₹918.45 on Tuesday.
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