The Indian Railway Catering and Tourism Corporation (IRCTC) has reported strong financial results for the first quarter of the financial year 2024-25. The company’s net profit saw a significant rise of 32.5%, reaching ₹307.7 crore, compared to ₹232.2 crore in the same period last year.
Revenue Growth and Key Highlights:
IRCTC’s revenue from operations grew by 11.8%, totaling ₹1,120.1 crore in Q1 FY25, up from ₹1,001.7 crore a year ago. The internet ticketing division contributed ₹329 crore to the revenue, marking a 13.4% year-on-year increase.
The catering division also performed well, with revenue rising by 17.1% to ₹558.8 crore. Additionally, the Rail Neer packaged drinking water segment saw a 16.1% growth, bringing in ₹111.4 crore.
Stock Market Performance:
Despite the positive financial results, IRCTC’s shares dipped slightly by 0.6%, closing at ₹918 on the National Stock Exchange (NSE). The company’s market capitalization now stands at ₹73,440 crore.
Future Outlook:
IRCTC operates under the Ministry of Railways and is the sole provider of online ticketing, catering, and packaged drinking water for Indian Railways. The company is expected to continue its growth trajectory with further improvements in its services and potential new ventures.
Conclusion:
IRCTC’s Q1 results highlight its financial stability and growth potential. With increases in both revenue and net profit, the company is on a positive path, promising good returns for its shareholders.
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