State-owned Indian Railway Catering and Tourism Corporation (IRCTC) reported a 14 per cent increase in consolidated net profit, reaching Rs 341 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), compared to Rs 200 crore in the same period last year.
On a sequential basis, profit grew by 11 per cent, up from Rs 308 crore in the July-September quarter, IRCTC said on Tuesday.
The company’s consolidated revenue from operations for the quarter stood at Rs 1,225 crore, reflecting a 10 per cent year-on-year (YoY) increase from Rs 1,115 crore. Sequentially, revenue rose by 15 per cent from Rs 1,064 crore.
Total expenses for the October-December quarter rose by 11 per cent to Rs 825 crore, compared to Rs 740 crore in the same period last year, and increased by 17 per cent from Rs 707 crore in the previous quarter.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 5.7 per cent, reaching Rs 417 crore in the third quarter, up from Rs 394 crore in the same period last year. However, the EBITDA margin decreased to 34 per cent from 35.3 per cent YoY.
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Segment-Wise Growth
For the quarter ending December 31, 2024, IRCTC reported total revenue of Rs 1,229 crore from its various segments, reflecting a 9 per cent YoY growth compared to Rs 1,120 crore. The segments include catering, rail neer, internet ticketing and tourism.
The tourism segment saw the highest growth, increasing by 16.06 per cent to Rs 224 crore from Rs 193 crore. The catering segment generated the highest revenue at Rs 555 crore, marking a 9.25 per cent increase from Rs 508 crore YoY.
The Rail Neer segment recorded Rs 96.4 crore, up 14.76 per cent from Rs 84 crore, while revenue from internet ticketing grew by 5.67 per cent to Rs 354 crore, compared to Rs 335 crore in the same period last year.
Dividend
The company has announced a second interim dividend of Rs 3 per equity share with a face value of Rs 2.50 each. February 20 has been set as the record date for the payment of this dividend for FY25.
