te IRCTC shares fall after Indian Railways ticketing arm stages mixed Q4 performance, announces dividend | IRCTC share price | Dividend | Q4 results | BSE | NSE

IRCTC shares fall after Indian Railways ticketing arm stages mixed Q4 performance, announces dividend

IRCTC share price: Indian Railway Catering and Tourism Corporation (IRCTC) shares fell on Tuesday, a day after the company — the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains — reported a mixed set of Q4 results.  

IRCTC shares fall after Indian Railways ticketing arm stages mixed Q4 performance, announces dividend
IRCTC's margin shrank by 671 basis points on a year-on-year basis to 33.6 per cent for the March quarter. | Image: Reuters

​IRCTC share price: Indian Railway Catering and Tourism Corporation (IRCTC) shares fell on Tuesday, a day after the company reported a mixed set of financial results or the quarter ended March 2023. IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains.

IRCTC shares declined by as much as Rs 20.6 or 3.2 per cent to Rs 625 apiece in early deals on BSE. 

IRCTC Q4 results

After market hours on Monday, IRCTC reported a consolidated profit of Rs 278.8 crore for the January-March period, marking a jump of 30.4 per cent compared with the corresponding period a year ago. Its revenue grew 39.7 per cent on a year-on-year basis to Rs 965 crore, according to a regulatory filing.

TRENDING NOW

According to Zee Business research, IRCTC was expected to report a consolidated net profit of Rs 258.6 crore for the three-month period and revenue of Rs 942 crore.

Its margin came in at 33.6 per cent for the March quarter — a decline of 671 basis points compared with the year-ago period, as against the analysts' estimate of 35.7 per cent. 

IRCTC segment revenue 

  • Catering: up 49 per cent at Rs 395.8 crore
  • Rail Neer: up 49 per cent at Rs 73.4 crore
  • Internet ticketing: up one per cent at Rs 295.1 crore
  • Tourism: up 155 per cent at Rs 138.5 crore
  • State Teertha: up 154 per cent at Rs 65.4 crore  

IRCTC dividend

IRCTC's board recommended a dividend of Rs 2 per share for the financial year ended March 2023 — a 100 per cent payout given the face value of Rs 2 per share. The dividend was in addition to the payout of Rs 3.5 announced in February 2023.

(This story will be updated shortly)

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

Written By: ZeeBiz WebTeam
Edited By: Sandeep Singh
Updated: Tue, May 30, 2023
09:27 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Indian Railway: IRCTC trains are running late - Check the list here Indian Railway: IRCTC trains are running late - Check the list here
Ram Temple in Ayodhya to lead infra-driven growth for tourism with over 50 million visitors a year: Jefferies Ram Temple in Ayodhya to lead infra-driven growth for tourism with over 50 million visitors a year: Jefferies
Railway stocks rally in trade; IRFC's market cap crosses Rs 2 lakh crore for first time Railway stocks rally in trade; IRFC's market cap crosses Rs 2 lakh crore for first time
Delhi Fog: IRCTC trains late due to fog in Rajasthan, Punjab and Uttar Pradesh Delhi Fog: IRCTC trains late due to fog in Rajasthan, Punjab and Uttar Pradesh
Indian Railways launches 22 trains connecting Maharashtra: Full schedule, how to book, other important details here Indian Railways launches 22 trains connecting Maharashtra: Full schedule, how to book, other important details here

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x