IRCTC Blockbuster Q1 Show: Profit Up 198% YoY, All Segments Record Growth

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IRCTC Blockbuster Q1 Show: Profit Up 198% YoY, All Segments Record Growth

By Malvika Gurung

Investing.com -- The e-ticket booking platform for Indian Railways, IRCTC (NS: INIR ) presented its earnings results for the June 2022 quarter, reporting a multi-fold jump in net profit.

The railway company’s profit after tax soared 198% YoY to Rs 245.5 crore in the June quarter and revenue from operations skyrocketed 250.3% YoY to Rs 852.6 crore in the period.

The state-run major’s EBITDA rallied 187.8% YoY to Rs 320.9 crore, while total expenses zoomed 272.8% YoY to Rs 548 crore in the Apr-Jun quarter. Its EPS jumped to Rs 3.07 in the quarter under review from Rs 1.03 in the year-ago period.

All the five segments of IRCTC performed well during the reporting quarter, witnessing growth. Its largest segment, internet ticketing contributed most to the company’s profit before tax, interest and investment income.

Its second-largest segment in terms of business revenue, catering services shot up 520.8% YoY to Rs 352 crore in the quarter.

"Catering contracts awarded before 22 March 2020 have been treated as zero period due to pandemic and accordingly, no income as well as Railways share payable has accrued during the year 2020-21 and for the period 26.11.2021," informed the company in a BSE filing.

Shares of the company closed 2.22% higher at Rs 673.15 apiece on Wednesday.

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  • Ashish Rattan @Ashish Rattan
    Nothing will happen to this stock, it will move if operator wants to move this stock
    Like 3
  • Vijay Ranjane @Vijay Ranjane
    share price of irctc will now bump up..
    Like 0
  • Vijay Ranjane @Vijay Ranjane
    share price of irctc will now bump up..
    Like 0
  • Prakhar Gupta @Prakhar Gupta
    Like I am holding from the rate it got split which is close to Rs 970. So what’s you recommed whether i should hold this or mark an exit on the CMP
    Like 2
    • Tanveer Khan @Tanveer Khan
      hold patiently..
      Like 0
    • Tanveer Khan @Tanveer Khan
      hold patiently..
      Like 0
    • selva nath @selva nath
      @Prakhar Gupta If to wanna travel along with it rally you can hold for long long years But if wanna be an opportunist you take an clear exit when it punmps for this quater result and can enter on correct dip point
      Like 0
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