Indian Railway Catering & Tourism Corporation Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Indian Railway Catering & Tourism Corporation Ltd reported a 14.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.1%.
- Its expenses for the quarter were up by 16.6% QoQ and 11.0% YoY.
- The net profit increased 10.8% QoQ and increased 13.7% YoY.
- The earnings per share (EPS) of Indian Railway Catering & Tourism Corporation Ltd stood at 4.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1281.20 | 1123.96 | 1163.86 | 14.0% | 10.1% |
Total Expenses | 824.66 | 707.38 | 742.98 | 16.6% | 11.0% |
Profit Before Tax | 456.55 | 416.58 | 406.36 | 9.6% | 12.4% |
Tax | 115.46 | 108.71 | 106.36 | 6.2% | 8.6% |
Profit After Tax | 341.09 | 307.87 | 300.00 | 10.8% | 13.7% |
Earnings Per Share | 4.30 | 3.90 | 3.80 | 10.3% | 13.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is a public sector enterprise under the Ministry of Railways, Government of India. It is primarily engaged in catering, tourism, and online ticketing operations for the Indian Railways. The company is well-known for its commitment to enhancing customer experience in railway services across India. IRCTC provides a range of services, including online ticketing, catering services on trains and railway stations, and packaged drinking water under the brand 'Rail Neer'. Additionally, the company has expanded into various tourism-related services, such as tour packages, hotel bookings, and air ticketing. As of now, there are no specific major developments available for this quarter.
Revenue
In Q3FY25, Indian Railway Catering & Tourism Corporation Ltd reported a total income of ₹1281.20 crores, reflecting a quarter-over-quarter increase of 14.0% from ₹1123.96 crores in Q2FY25. This also represents a year-over-year growth of 10.1% from the ₹1163.86 crores reported in Q3FY24. This increase in revenue can be attributed to IRCTC's diversified service offerings, which include online ticketing, catering, and tourism services. The consistent growth in revenue highlights the company's ability to leverage its position in the railway and tourism sectors effectively.
Profitability
For the quarter ending in Q3FY25, the company's Profit Before Tax (PBT) stood at ₹456.55 crores, which is a 9.6% increase quarter-over-quarter from ₹416.58 crores in Q2FY25, and a 12.4% rise year-over-year from ₹406.36 crores in Q3FY24. After accounting for taxes of ₹115.46 crores, the Profit After Tax (PAT) for Q3FY25 was ₹341.09 crores, marking a 10.8% increase from Q2FY25's ₹307.87 crores and a 13.7% rise from Q3FY24's ₹300.00 crores. Earnings Per Share (EPS) for the same quarter were ₹4.30, up 10.3% from ₹3.90 in Q2FY25 and 13.2% from ₹3.80 in Q3FY24. The company exhibits strong profitability metrics, with growth in profit margins both on a quarterly and annual basis.
Operating Metrics
During Q3FY25, Indian Railway Catering & Tourism Corporation Ltd managed its expenses effectively, with total expenses amounting to ₹824.66 crores. This represents a 16.6% increase from the ₹707.38 crores in Q2FY25 and an 11.0% increase from the ₹742.98 crores in Q3FY24. Despite the rise in expenses, the company maintained a robust profit margin, as evidenced by the increase in profit figures. The efficient management of operating expenses relative to income growth contributes to the financial health of the organization. The company's operational efficiency and cost management strategies are instrumental in sustaining its financial performance.
