Indian Railway Catering & Tourism Corporation (IRCTC) reported a 17.4% jump in net profit on a year-on-year (YoY) basis at ₹300 crore in the quarter ended December 31, 2023. The rail ticketing, catering and tourism management firm had reported a net profit of ₹255.5 crore a year ago in the same quarter.
IRCTC revenue also surged 21.8% on a YoY basis to ₹1,118.3 crore in the quarter, compared to ₹918.1 crore it had posted in Q3FY23.
IRCTC net profit jumps over 17% to ₹300 crore; revenue up nearly 22%
#3QWithCNBCTV18 | IRCTC reports #Q3 earnings.
➡️Net Profit up 17.4% at ₹300 cr vs ₹255.5 cr (YoY)➡️Revenue up 21.8% at ₹1,118.3 cr vs ₹918.1 cr (YoY)➡️EBITDA up 20.9% at ₹394 cr vs ₹325.9 cr (YoY)➡️Margin at 35.2% vs 35.5% (YoY) pic.twitter.com/KqBLrtKxF3— CNBC-TV18 (@CNBCTV18Live) February 13, 2024
At the operational level, IRCTC posted a nearly 21% jump in its earnings before interest, tax, depreciation and amortization (EBITDA) at ₹394 crore in Q3FY24, compared to ₹325.9 crore a year ago in the October-December quarter. The margin dropped slightly to 35.2% in Q3FY24 compared to 35.5% in Q3FY23.
IRCTC shares closed 1.19% higher at ₹910.80 on BSE.
First Published: Feb 13, 2024 8:31 PM IST
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