IRCTC Q3 Results: PAT surges 167% YoY to Rs 209 crore

Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a 167.41 per cent year-on-year (YoY) rise in the December quarter net profit at Rs 208.80 crore. The government-owned company had posted a net profit of Rs 78.08 crore in the same quarter last year.

Sequentially too, the company’s profit rose from Rs 158.57 crore posted at the end of September 2021 quarter.

Its revenue from operations during the quarter under review came in at Rs 540.21 crore, up 140.7 per cent, against Rs 224.37 crore at the end of December 2020 quarter.

The total expenses for the year increased to Rs 275 crore from Rs 141 crore on a year-on-year basis.

The company also declared an interim dividend of Rs 2 per share on equity shares of face value of Rs 2 each for the financial year 2021-22. It has fixed February 18 as the record date for the purpose of payment of interim dividend.

“The outbreak of Covid-19 pandemic globally and in India is causing significant disturbance and slowdown of economic activity. However, the business activities of the company is going gradually on track in line with the lifting of restriction as were imposed by the state and central governments,” the company said in a filing on BSE.