Earnings Review
IRCTC Q4 PAT down after 10 qtrs as costs outpace sales
This story was originally published at 22:51 IST on 26 May 2026
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--IRCTC Q4 PAT from continuing ops INR 3.27 bln vs INR 3.58 bln year ago
--IRCTC Jan-Mar revenue INR 14.60 bln vs INR 12.69 bln year ago
--IRCTC to pay INR 0.50 per share final dividend
--IRCTC FY26 PAT from continuing ops INR 13.93 bln vs INR 13.15 bln year ago
--IRCTC FY26 revenue INR 52.15 bln vs INR 46.75 bln year ago
--IRCTC Jan-Mar catering revenue INR 6.71 bln vs INR 5.29 bln yr ago
--IRCTC Q4 internet ticketing revenue INR 3.90 bln vs INR 3.72 bln yr ago
--IRCTC Jan-Mar tourism revenue INR 3.04 bln vs INR 2.74 bln yr ago
--IRCTC Q4 rail neer revenue INR 1 bln vs INR 960 mln year ago
By Simran Rede
MUMBAI – Indian Railway Catering and Tourism Corp.'s net profit for the March quarter fell after rising for 10 consecutive quarters despite reporting double-digit revenue growth. The company's total expenses for the quarter rose at a faster pace than its revenue from operations. The net profit missed all three analyst estimates even though its revenue was higher than expectations.
The public-sector travel services company reported a net profit of INR 3.27 billion for the March quarter, down almost 9% on year and over 17% on a sequential basis. The net profit for the quarter was lower than the lowest estimate of INR 3.53 billion from Dolat Capital Market Pvt. Ltd.
The company's net sales for the quarter rose over 15% on year and just a percent on quarter to INR 14.60 billion. This was higher than the highest estimate for revenue of INR 13.83 billion from Prabhudas Lilladher Pvt. Ltd.
The revenue from the company's catering business, which contributes around 46% of its total sales, rose nearly 27% on year to INR 6.71 billion. Revenue from the internet ticketing business, which contributed around 27% of its total sales, rose around 5% on year to INR 3.90 billion. The tourism division sales jumped nearly 11% on year to INR 3.04 billion. Sales of its Rail Neer division, which sells packaged drinking water, rose just over 4% to INR 1 billion.
The company's total expenses for the quarter rose more than 19% on year and nearly 8% on quarter to INR 10.80 billion. The expenses related to catering services, which accounted for 48% of its total costs, rose almost 28% on year to INR 5.22 billion. The expenses related to tourism grew 9.5% on year to INR 2.20 billion while costs related to employees fell over 7% on year to INR 832 million. The company had a tax expense of INR 1.20 billion, up around 6% on year but down 11% on quarter.
For the financial year ended Mar. 31, the company reported a net profit of INR 13.93 billion, up 6% on year. Its revenue for the year rose almost 12% to INR 52.15 billion.
The board of IRCTC declared a dividend of INR 0.50 per share. Tuesday, the stock closed at INR 537.20 per share on the National Stock Exchange, down marginally from Monday. The company detailed its earnings after market hours. End
Edited by Rajeev Pai
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