Indian Railway Catering and Tourism Corporation (IRCTC) share price fell over 2% to hit a 52-week low in early trade on Wednesday after the company reported its Q3 results. The PSU railway stock, IRCTC shares declined as much as 2.69% to touch a fresh 52-week low of ₹731.00 apiece on the BSE.
IRCTC reported a net profit of ₹341 crore in the third quarter of FY25, registering a growth of 13.7% from ₹300 crore in the same quarter last year. The company’s revenue in Q3FY25 increased 10% to ₹1,224.7 crore from ₹1,115.5 crore, year-on-year (YoY).
At the operational level, EBITDA in the quarter ended December 2024 rose by 5.7% to ₹417 crore from ₹394 crore, while the EBITDA margin contracted to 34% from 35.3% in the corresponding period of the previous fiscal year.
The Board of Directors of IRCTC also approved a second interim dividend of ₹3 per share for FY25. IRCTC dividend record date to determine shareholder eligibility has been fixed as February 20.
Anshul Jain, Head of Research at Lakshmishree Investment and Securities, noted that IRCTC delivered a strong financial performance in Q3, with net profit surging 13.7% and climbing 10% YoY, driven by steady growth across business segments.
“EBITDA saw a 5.7% rise, however, EBITDA margins slightly contracted to 34% from 35.3%, indicating higher operational costs. Despite this minor margin dip, IRCTC’s robust earnings reflect its expanding market presence and operational efficiency. The company remains well-positioned for continued growth, leveraging increasing demand in railway catering, tourism, and e-ticketing services,” said Jain.
At 9:40 AM, IRCTC shares were trading 2.58% lower at ₹731.85 apiece on the BSE, with a market capitalisation of lakh crore.
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