IRCTC Q4 Results: Indian Railway Catering and Tourism Corporation (IRCTC) announced its January-march quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 28, reporting a rise of two per cent in its consolidated net profit at ₹284 crore, compared to ₹279 crore in the corresponding period last year.
The Indian Railways’ e-ticketing and catering arm reported a 19 per cent rise in revenue from operations to ₹1,155 crore in the March quarter, compared to ₹965 crore in the year-ago period. The public sector undertaking (PSU) board recommended a final dividend of ₹4 per share, at 200 per cent of the paid-up share capital, of face value of Rs. 2 each for FY24, subject to the approval of shareholders.
The final dividend is in addition to the interim dividend of Rs.2.50 per share (at 125 per cent of the paid-up share capital) declared by the board of directors in November 2023 and already paid to the shareholders, said IRCTC in a regulatory filing to the stock exchanges.
On an operating level, the railway PSU’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 11.6 per cent to ₹362.4 crore, compared to ₹324.6 crore in the same period last year. Margin came in at 31.4 per cent compared to 33.6 per cent in the year-ago period.
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