Please find enclosed herewith transcript of Earning Conference Call on financial results for the quarter and year ended on 31.03.2026 held on 27.05.2026.
IRCTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRCTC reported its highest ever annual revenue of Rs. 5,215 crores in FY26, up 12% YoY, with PAT at Rs. 1,393 crores (up 6%) and EBITDA at Rs. 1,666 crores (up 7%). Q4 standalone revenue was Rs. 1,460 crores (up 15%), but EBITDA margin dipped to 27.33% due to exceptional items including higher CSR allocation (Rs. 31 crores vs Rs. 7 crores), increased ECL provisioning (Rs. 16 crores vs Rs. 8 crores), and legacy income of Rs. 48 crores in Q4 FY25. All segments showed growth - Catering up 13%, Tourism up 19.5%, Internet Ticketing up 7.7%, and Rail Neer up 3.2%. Management guided they are aspiring to maintain 30% EBITDA margins and targets 15% growth in catering and 20% in tourism going forward. The company plans 4 new Rail Neer plants, hotel business entry, and expects payment aggregator license by August 2026.
Strong revenue growth demonstrates business resilience, but margin guidance of 30% (vs 27.33% in Q4) suggests limited near-term margin expansion. Capital allocation priorities (platform, Rail Neer expansion, hotels) indicate growth focus rather than shareholder returns acceleration. Pending litigation and catering price revision decisions add uncertainty.