Indian Railway Catering and Tourism Corporation (IRCTC) today reported a 32.5% increase in net profit for the quarter ended June to ₹307.72 crore from ₹232.21 crore in the same period last year, driven primarily by increased revenue. Sequentially, the net profit saw an 8.3% growth from ₹284.18 crore in the preceding quarter.
The state-owned company’s total revenue grew 12.5% to ₹1,171.57 crore from ₹1,041 crore in the year-ago quarter. However, sequentially, revenue declined by 11.3% from ₹1,187.41 crore.
Revenue from the catering business grew 17.1% year-on-year to ₹558.89 crore, while revenue from the high-margin ticketing business increased 13.4% year-on-year to ₹329.07 crore.
Shares of the company closed down 0.6% at ₹918.45 on the National Stock Exchange.
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