Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Transcript
IRCTC · price
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IRCTC reported an all-time high quarterly operating revenue of INR1,269 crores in Q4 FY25, up 10% year-on-year, driven by strong growth in Internet Ticketing, Rail Neer, and Tourism segments. For full year FY25, operating revenue reached INR4,675 crores (up 9.73% YoY), EBITDA stood at INR1,549 crores (up 5.71%) with a healthy 33.15% margin, and PAT grew 18.30% to INR1,315 crores. The Board recommended a final dividend of INR1 per share, taking total FY25 dividend to a record INR8 per share (INR640 crores, 400% of share capital). The Tourism segment surged 38.17% YoY in Q4 with 18.1% EBITDA margins, while Catering was flat YoY due to Mahakumbh trains running without catering services. Management expects RBI payment aggregator in-principle approval within 2-3 months, with a Tejas train occupancy of 93.2% and e-catering revenue growing 63% YoY to INR54 crores.
Strong annual results with record dividends reinforce IRCTC's robust fundamentals, but the flat catering revenue and lack of clarity on key questions like RBI license timeline and new growth initiatives may limit near-term upside. The exceptional one-time gain of INR45 crores from legacy reconciliation boosted reported earnings, while the gradual ramp-up in non-railway revenue (28% growth in air packages) and tourism diversification remain positive long-term signals.