Now Reading: IRCTC Q1 profit flat at Rs 330 crore despite 18% revenue rise
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IRCTC Q1 profit flat at Rs 330 crore despite 18% revenue rise
IRCTC reported a consolidated net profit of Rs 330.16 crore for the June quarter, marginally down from Rs 330.71 crore a year ago but up 1.2% sequentially. Revenue rose 18.1% year-on-year to…
The Story in Brief
IRCTC reported a consolidated net profit of Rs 330.16 crore for the June quarter, marginally down from Rs 330.71 crore a year ago but up 1.2% sequentially. Revenue rose 18.1% year-on-year to Rs 1,369.53 crore, though it fell 6.2% from the March quarter. The catering segment drove growth with a 33.9% revenue jump to Rs 732.26 crore, while tourism revenue declined sharply sequentially. Internet ticketing and Rail Neer revenue were nearly flat.
EBITDA fell to about Rs 386 crore from Rs 394 crore, with margin shrinking to 28.18% from 34% a year ago. IRCTC shares have lost over 60% since hitting an all-time high of Rs 1,318 in May 2024, trading around Rs 513 now. The stock has fallen for three straight calendar years, down 25% in 2026 so far.
The Indian Opinion
The narrative that IRCTC is a permanent growth story is fraying. Revenue rose 18% but profit stayed flat, margins shrank, and tourism revenue collapsed sequentially. The stock has lost 60% from its peak. The real test is whether catering growth holds and tourism rebounds next quarter. If it does not, the stock may fall further despite the government's monopoly. Who is buying the dip, and why?
Source: livemint.com
This story was synthesised by AI from the source linked above.
