Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Transcript
IRCTC · price
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Awaiting price reaction for this filing.
IRCTC reported a stable Q1 FY26 with profit after tax of ₹330 crores, up 7.14% year-on-year, on total revenue of ₹1,220 crores (up 4.36%). EBITDA rose 5.86% to ₹397 crores with margin expanding to 34.27% from 33.55%, driven by operational efficiency and better revenue mix. Internet Ticketing remained the star, growing 9.12% to ₹360 crores with segment EBITDA margin improving to 84% (from 83%), while Tourism posted a strong 21.3% revenue growth to ₹148 crores with margin rising to 8.7% (from 7.6%). Catering revenue dipped 2.15% to ₹547 crores, mainly due to the absence of election special trains and Amrit Bharat Station transitions. Rail Neer was nearly flat at ₹106 crores. Management also flagged progress on a payment aggregator license (RBI in-principle approval received, 12-18 months timeline) and Rail Neer capacity expansion at Danapur and Ambernath plants.
The margin expansion across Internet Ticketing and Tourism, combined with double-digit growth in non-convenience fee revenue, signals improving earnings quality. However, the catering softness and Rail Neer stagnation may keep near-term stock movement range-bound until new plant capacities and the payment aggregator business begin contributing.