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Shares of Indian Railway Catering and Tourism Company (IRCTC) are anticipated to draw market consideration following the announcement of its Q2 FY25 outcomes. The corporate reported a 4 per cent enhance in consolidated internet revenue, reaching Rs 308 crore for the quarter ending September 2024, in comparison with Rs 295 crore in the identical interval final yr. Income from operations additionally grew by seven per cent year-on-year (YoY), standing at Rs 1,064 crore, up from Rs 992 crore.
The IRCTC board has authorised an interim dividend of Rs 4 per share (face worth Rs 2), with November 14 set because the file date to find out eligible shareholders.
Regardless of an increase in income and earnings, IRCTC’s Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization (EBITDA) noticed solely a marginal enhance, rising to Rs 373 crore from Rs 367 crore in the identical quarter final yr. EBITDA margins barely declined to 35.05 per cent.
On a quarter-on-quarter (QoQ) foundation, internet revenue remained flat at Rs 308 crore, whereas income dipped by 5 per cent from the earlier June quarter.
Breaking down the quarterly income by phase, IRCTC’s catering division noticed a strong 12 per cent enhance, producing Rs 482 crore towards Rs 432 crore a yr in the past. The web ticketing phase posted sturdy features, reporting Rs 371 crore, up from Rs 327 crore final yr. The tourism division additionally confirmed progress, with income climbing to Rs 90 crore from Rs 78 crore in Q2 FY24.
IRCTC’s Rail Join app, a preferred alternative for railway ticketing, has performed a big position in sustaining ticketing revenues because it continues to be a main reserving platform. Wanting forward, the corporate is engaged on integrating its companies with the upcoming Indian Railways ‘tremendous app, which is anticipated to simplify ticketing and different railway companies.
Forward of the outcomes, IRCTC shares fell two per cent on Monday, closing at Rs 815 on NSE.
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