Indian Railway Catering and Tourism Corporation (IRCTC) on February 11 reported a 13.7 percent rise in its consolidated net profit to Rs 341 crore for the quarter ended December 31, 2024, on account of higher income. The state-run company had posted a net profit of Rs 300 crore in the year-ago period.
The total revenue from operations increased 10 percent to Rs 1224.7 crore during the quarter under review from Rs 1,115.5 crore in the year-ago period, IRCTC said in an exchange filing.
The board has also declared a second interim dividend of Rs 3 per share for the shareholders. The company has fixed Thursday, 20th February, 2025 as the record date for the purpose of payment of 2nd interim dividend of the FY 2024-25.
The board "declared 2nd lnterim dividend at the rate Rs 3/- per equity share of face value of Rs2/- each i.e.@15O% for the Financial Year 2024-25," the company said in an exchange filing.
The earnings before interest, taxes, depreciation and amortization (EBITDA) grew 5.7 percent at Rs 417 crore for the third quarter of the current fiscal from Rs 394 crore in the year-ago period, while the margin was reported at 34 percent from 35.3 percent on-year.
The total income of the company jumped to Rs 1,281.20 crore for the December 2024 quarter, compared to Rs 1,161 crore in year ago period.
The results were declared post market hours. Shares of IRCTC settled 3 percent lower at Rs 750.10 per share on the NSE.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
