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5 Takeaways from IRCTC's Q4 Results

May 31, 2022

5 Takeaways from IRCTCs Q4 Results

Tourism and travel were the worst impacted sectors due to the Covid-19.

Indian Railway Catering and Tourism Corp (IRCTC) was no exception.

This quarter, bidding farewell to the third wave of the pandemic, has brought good quarterly numbers for IRCTC.

IRCTC's net profit surged 104% and the company declared a final dividend for the year ended 2021-22.

Here are 5 key takeaways from IRCTC's Q4 results:

  • The firm posted a profit of Rs 2.1 bn in the quarter ending March 2022, more than twice the previous year's profit of Rs 1.03 bn.
  • Revenue for the quarter under review also more than doubled to Rs 6.9 bn, up from Rs 3.3 bn in the same period last year.
  • IRCTC's board proposed a final dividend of Rs 1.50 per share of the face value of Rs 2 each for 2021-2022, subject to shareholder approval at the Annual General Meeting (AGM).

    This final payment is in addition to the interim dividend of Rs 2 per share.
  • Each segment of IRCTC performed brilliantly this quarter. On an annual basis, internet ticketing segment income increased 355% from Rs 582 m to Rs 2.6 bn.
  • The catering segment grew 320% year on year (YoY), from Rs 170 m to Rs 714 m. Surprisingly, RailNeer income increased from Rs 92.4 m to Rs 410 m, a 343% annual increase.

    Tourism segment grew 609%, exceeding all market expectations.

How IRCTC has performed recently

IRCTC last traded price was down 0.3% to Rs 692.9 on the BSE.

On the NSE, IRCTC last traded price was down 0.6% to Rs 690.9.

Over the last 30 days, IRCTC share price is down 7.5%. And over the last year, IRCTC's share price is up 79.7%.

The current market capitalisation of IRCTC stands at Rs 554 bn.

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As of March 2022, company promoters held a 67.40% stake in IRCTC, with no shares having been pledged.

To know more, check out the latest shareholding pattern of IRCTC.

About IRCTC

On 27 September 1999, the Indian Railway Catering and Tourism Corporation (IRCTC) was founded as a public limited company and was awarded a certificate of incorporation by the deputy registrar of companies NCT of Delhi and Haryana.

It's a central public sector enterprise (CPSE) fully owned by the Indian government and administered by the Ministry of Railways.

IRCTC is the sole firm authorised by Indian Railways to provide catering services, online railway tickets, and bottled drinking water at Indian railway stations and trains.

The firm was founded with the goal of modernising and professionalising culinary and hospitality services at railway stations, aboard trains, and in other locations.

It also promotes both international and domestic tourism in the country.

To know more about the company, check out IRCTC's company fact sheet and IRCTC's quarterly results.

You can also compare IRCTC with its peers on our website.

IRCTC vs International Travel

IRCTC vs Thomas Cook India

IRCTC vs Transcorp Intern

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...

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