IRCTC Q3 Results: Net Profit Rises 14% to Rs 341 Crore, Revenue Increases by 10%

New Delhi, February 11, 2025: Indian Railway Catering and Tourism Corporation (IRCTC) has reported a 13.7% growth in net profit, reaching Rs 341 crore for the third quarter of the financial year 2024-25 (Q3 FY24-25). The increase in profit comes on the back of strong revenue growth, as the company’s total revenue from operations surged by 10% to Rs 1,224.7 crore compared to Rs 1,115.5 crore in the same quarter last year.

Financial Highlights of IRCTC Q3 2024:

• Net Profit: IRCTC’s net profit has jumped by 14%, from Rs 300 crore in Q3 FY23 to Rs 341 crore in Q3 FY24.
• Revenue from Operations: The total revenue from operations saw a 10% increase, reaching Rs 1,224.7 crore compared to Rs 1,115.5 crore in the corresponding period last year.
• EBITDA: The EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 5.7%, standing at Rs 417 crore in Q3 FY24, compared to Rs 394 crore in Q3 FY23. The EBITDA margin stood at 34%, a slight decline from 35.3% in the previous year.
• Total Income: IRCTC reported a total income of Rs 1,281 crore for the quarter, a jump from Rs 1,161 crore in Q3 FY23.

Dividend Announcement:

• Second Interim Dividend: IRCTC’s board of directors declared a second interim dividend of Rs 3 per share for the fiscal year 2024-25.
• Record Date for Dividend: The record date for this dividend has been set as Thursday, February 20, 2025.

Market Reaction:

Despite the positive financial results, IRCTC’s stock ended the trading session 3% lower at Rs 750.10 on the NSE.

IRCTC’s performance in Q3 FY24-25 highlights the resilience of its operations, with growth in both net profit and revenue. However, despite strong results, the stock market reaction suggests some investor concerns. The dividend declaration provides additional value to shareholders as the company continues its growth trajectory.