IRCTC reports over 30% rise in Q4 profit; board announces 100% dividend

IRCTC dividend 2023: The final dividend is in addition to the interim dividend of Rs 3.50 that the company had announced in February 2023.

IRCTC dividend 2023

IRCTC dividend: Indian Railway Catering and Tourism Corporation (IRCTC) board has recommended a dividend of Rs 2 per equity share of Rs 2 each to the shareholders for the financial year 2022-23 on Monday. The payout translates to 100 per cent against the face value of Rs 2 per equity share. This is in addition to the interim dividend of Rs 3.50 that the company had announced in February 2023.

In an exchange filing, IRCTC said, "Recommended a Final Dividend of Rs.2/- per equity share of face value of Rs. 2/- each for the financial year 2022-23 [@100% of the paid-up share capital of Rs. 160' cr.], subject to the approval of shareholders in the forthcoming Annual General Meeting. This Final Dividend is in addition to the Interim Dividend of Rs.3.50/- per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders."

IRCTC dividend history

IRCTC has declared six dividends since the listing of its shares in October 2019.

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Here's a look at its previous dividend announcements —

Dividend announcement date	Dividend type	Dividend amount (in rupees per share)	Dividend ex-date
February 9, 2023	Interim	3.5	February 22, 2023
May 30, 2022	Final	1.5	August 18, 2022
February 8, 2022	Interim	2	February 17, 2022
June 29, 2021	Final	5	September 21, 2021
July 10, 2020	Final	2.5	October 19, 2020
February 12, 2020	Interim	10	February 24, 2020

IRCTC Results Q4FY23

The company reported a net profit of Rs 278.79 crore at the end of quarter ending March 31, 2023 — reporting a rise of Rs 65.01 crore (or 30.4 per cent) — from Rs 213.78 crore it had reported at the end of Q4FY22.

The revenue from operations rose to Rs 965 crore in Q4FY23, reporting a rise of 39.66 per cent against Rs 690.96 crore reported at the end of Q4FY22.

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