Indian Railway Catering and Tourism Corporation (IRCTC) has posted a net profit of Rs 300 crore for the December quarter of FY24, marking a 17.4 percent increase from Rs 255.5 crore in the corresponding period last year.
According to a regulatory filing on February 13, the company reported a revenue surge of 21.8 percent year-on-year to Rs 1,118.3 crore.
IRCTC, the catering and ticketing arm of the Indian Railways, manages food services on trains and provides online ticket booking services.
The earnings before interest, tax, depreciation, and amortization (EBITDA) for the quarter stood at Rs 394 crore, representing a growth of 20.9 percent. The EBIDTA margin was recorded at 35.2 percent, slightly lower than the 35.5 percent reported in the same period last year.
On February 13, IRCTC shares closed 1.19 percent higher at Rs 910.80 on the BSE.
