Indian Railways News

Indian Railways News

IRCTC Q3 Net Profit Zooms 167% To ₹ 209 Crore

Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a consolidated net profit of  208.80 crore in the third quarter (Q3) — ended December 2021 — for the financial year 2021-22, up 167.41 per cent against  78.08 crore reported in the same period last year.

On a quarterly basis, the catering and tourism arm of Indian Railways’ profit rose 31.68 per cent in Q3 from  158.57 crore in Q2.

Revenue from operations surged 140.77 per cent to  540.21 crore in Q3 FY22 as against  224.37 crore in Q3 FY21.

Total revenue for the quarter under review stood at  556.51 crore.

Catering business revenue surged to  104.65 crore, Internet ticketing segment recorded revenue of  312.86 crore, and Rail Neer revenue rose to  49.94 crore in Q3 FY22.

IRCTC also declared an interim dividend of  2 per share on a face value of  2 each for FY22. It said the dividend will be 100 per cent of the paid-up share capital amounting to  160 crore.

The record date of the payment has been fixed on February 18.

IRCTC shares settled 0.29 per cent higher at  838.10 on the BSE index.

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