IRCTC's Q3 net profit surges by 14% to ₹341 crore
What's the story
The Indian Railway Catering and Tourism Corporation (IRCTC) has reported a 13.7% increase in its consolidated net profit for the third quarter of the fiscal year 2024-25. The state-owned company's net profit stood at ₹341 crore, up from ₹300 crore during the same period last year. IRCTC also saw its total revenue from operations grow during the third quarter. The company's revenue grew by 10% to ₹1,224.7 crore, compared to ₹1,115.5 crore in the same period last year.
Dividend declaration
IRCTC announces 2nd interim dividend for shareholders
Along with its financial performance, IRCTC has announced a second interim dividend of ₹3 per share for its shareholders. The record date for the payout has been fixed as February 20, 2025. IRCTC's earnings before interest, taxes, depreciation and amortization (EBITDA) also increased during the third quarter. The EBITDA increased 5.7% to ₹417 crore from ₹394 crore in the same quarter last year. However, the margin stood at 34%, slightly lower than last year's 35.3%.
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How has IRCTC stock performed in the recent weeks
Today, the IRCTC stock closed 3% lower at ₹750.10. In the last four weeks, it has mostly remained flat. However, the share has declined nearly 19% in the past six months, primarily due to continued foreign fund outflows.