IRCTC Reports 8.1% Income Growth in Q2

5 Nov 2024 , 11:53 AM

IRCTC’s shares saw a 3% decline, reaching a day’s low of ₹792.45 on the BSE after the company released its Q2 FY25 financial results.

For the quarter ending September 30, 2024, IRCTC’s total income rose by 8.1%, amounting to ₹1,123 crore, up from ₹1,039 crore in the same period of the previous fiscal year. Operating revenue saw a 7.2% growth, reaching ₹1,064 crore compared to ₹992.4 crore recorded in Q2 FY24.

At the time of writing on November 5, 2024 shares of IRCTC is trading at ₹817.30 which is a 0.13% gain than the previous close. IRCTC stock has gained a total of 21% in the last one year, and8.3% dip since the beginning of the year.

The company reported an EBITDA of ₹372.79 crore for Q2 FY25, which marks a marginal year-on-year increase of 1.7%. The EBITDA margin for the quarter dipped by 190 basis points, settling at 35% in comparison to 36.9% in the prior fiscal year.

During the first half of FY25, IRCTC reported a 10.24% increase in total income, reaching ₹2,292 crore, compared to ₹2,079 crore in H1 FY24.

Earnings before interest and tax (EBIT) for H1 FY25 also showed growth, climbing to ₹615 crore, up from ₹526 crore in the first half of FY24.

An interim dividend of ₹4 per share was announced for FY2024-25, amounting to 200% of the paid-up share capital, which translates to a total payout of ₹320 crore. The record date for this dividend distribution is set for November 14.

IRCTC’s catering segment recorded a revenue increase of 11.68% year-on-year, amounting to ₹481.95 crore, up from ₹431.52 crore the previous year.

Internet ticketing revenue also saw growth, with a 13.36% rise, reaching ₹370.95 crore, compared to ₹327.50 crore in the prior fiscal year. The tourism segment, however, experienced a revenue decline of 27.35%, with earnings dropping to ₹124.44 crore from ₹158.48 crore in the previous year.