IRCTC Share Q4 Results - Final Dividend

IRCTC Q4 Results
by Nikita Bhoota 30/06/2021

IRCTC Ltd reported 51% higher consolidated revenues for the Mar-21 quarter at Rs338.79cr on a sequential basis. On a YoY basis, the net sales revenues were down -41.15% compared to total revenues in the Mar-20 quarter at Rs575.72cr.

Full-year revenues for FY21 were -62.9% lower at Rs869cr as the COVID pandemic and the consequent shutdown of the railway services impacted operations. However, the sequential numbers are likely to be more comprehensive and suggestive of the momentum in the performance of IRCTC.

Net profits for the Mar-21 quarter were up 32.91% at Rs.103.79cr on a sequential basis. This growth in profits was largely driven by growth in the top line of the company. On a sequential basis, the company saw sharp growth in all the verticals viz. catering, rail neer and internet ticketing. Even tourism revenues have picked up sequentially.

Net margins in the Mar-21 quarter stood at 30.64%, which was better than 23.47% in the corresponding Mar-20 quarter but lower than 34.80% in the Dec-20 quarter.

The company has declared a final dividend of Rs.5 per share.

Indian Railways Catering and Tourism Corporation (IRCTC), set up in 1999, is 67.4% owned by the Government of India (GoI) and is under the administrative control of the Ministry of Railways. IRCTC was 100% owned by the GoI until its IPO in October 2019, when the government sold 12.6% stake. It was subsequently followed by an OFS in December 2020, in which the government sold another 20% stake. IRCTC is the only entity authorised by the Indian Railways (IR) to provide catering services to railways, online railway ticketing services and packaged drinking water at railway stations and inside trains. IRCTC operates in four business segments, namely internet ticketing, catering, packaged drinking water under the Rail Neer brand, and travel & tourism.

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

Source: This content is originally posted on indiainfoline.com

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