IRCTC July-September Net Profit Rise 11% Driven by Catering and Tourism Growth

Indian Railway Catering and Tourism Corp. Ltd. (IRCTC) reported an 11% rise in net profit for the September quarter to ₹3.42 billion, supported by strong growth in its catering and tourism businesses. Sequentially, profit was up over 3%, while revenue rose nearly 8% on year to ₹11.46 billion.

The catering business — which accounted for more than 45% of IRCTC’s total revenue — grew about 8% on year to ₹5.20 billion in the September quarter. The internet ticketing segment rose 4% on year to ₹3.86 billion, contributing nearly 34% to overall revenue.

Tourism revenue increased over 20% on year to ₹1.50 billion, while the Rail Neer packaged water business grew a little over 4% to ₹940.6 million.

Total expenses for the quarter were up just over 7% on year at ₹7.58 billion, led by a 12% rise in catering costs and a 14% increase in tourism expenses.

For the April–September period, IRCTC’s net profit from continuing operations rose over 9% on year to ₹6.72 billion, while revenue grew nearly 6% to ₹23.06 billion. The company declared an interim dividend of ₹5 per share, with November 21 as the record date.