IRCTC Q4 Result 2024: PAT increased by 2% while revenue witnessed an 18% growth on a YOY basis

Tanushree Jaiswal Tanushree Jaiswal

Last Updated: 29th May 2024 - 10:03 am

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Synopsis

Indian Railway Catering and Tourism Corporation Limited (IRCTC) announced its quarterly results for March 2024 on 28th May after market hours. It reported a consolidated PAT of ₹284.03 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 18.23% on a YOY basis reaching ₹ 1187.40 cr. The company declared a dividend of ₹4 per share. 

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 18.23% on a YOY basis, reaching ₹ 1187.40 cr from ₹ 1004.28 cr in Q4 FY2023. The quarterly consolidated revenue was up by 2.02%. IRCTC reported a consolidated PAT of ₹ 284.03 cr for Q4 FY2024 against ₹ 278.44 cr in Q4 FY2023, which is an increase of 2.01%. On a quarterly basis, the consolidated PAT was down by 5.29%. PAT margin was 23.92%. 
 

IRCTC Limited

Revenue

     Q4 FY24

 

    Q3 FY24

 

   Q4 FY23

1,187.40

 

1,163.86

 

1,004.28

 

 

      

 

     

     % Change

 

 

2.02%

 

 18.23%

        PBT

   (Current)

 

(Q-o-Q)

 

(Y-o-Y)

 

    Q4 FY24

 

     Q3 FY24

 

      Q4 FY23

381.99

 

406.36

 

374.60

 

 

 

 

 

    % Change

 

 

6.00%

 

1.97%

 

     (Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

     Q4 FY24

 

     Q3 FY24

 

     Q4 FY23

32.17

 

34.91

 

37.30

 

 

 

 

 

    % Change

 

 

-7.86%

 

-13.75%

 

      (Current)

 

 (Q-o-Q)

 

   (Y-o-Y)

PAT (₹ Cr)

     Q4 FY24

 

        Q3 FY24

 

       Q4 FY23

284.03

 

  299.89

 

278.44

        

 

       

 

       

      % Change

 

 

-5.29%

 

2.01%

 

     (Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

     Q4 FY24

 

      Q3 FY24

 

       Q4 FY23

23.92

 

25.77

 

27.73

 

 

 

 

 

       % Change

 

 

-7.17%

 

-13.72%

 

    (Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

 

 

 

 

 

Q4 FY24

 

Q3 FY24

 

Q4 FY23

        3.55

 

       3.75

 

       3.48

     % Change

 

 

-5.33%

 

2.01%

 

      (Current)

 

(Q-o-Q)

 

(Y-o-Y)

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 1111.38 cr compared to ₹ 1008.09 cr in FY 2023, up by 10.25%. For FY 2024, its consolidated total revenue stood at ₹ 4434.65 cr compared to ₹ 3661.90 cr in FY 2023, up by 21.10%. 

IRCTC has announced a final dividend of ₹4 per share having a face value of ₹2. It had previously announced an interim dividend of ₹2.50 per share. The total dividend for FY2024 came at ₹4.50 per equity share. 

Online ticketing contributed the highest to IRCTC’s net profit at ₹ 275.02 cr, followed by catering at ₹ 46.35 cr, and Rail Neer at ₹ 10.63 cr. State Teertha and Tourism segments contributed ₹ 9.77 cr and ₹ 9.17 cr respectively for Q4 FY 2024. For the entire financial year, while online ticket booking’s contribution to net profit stood at ₹ 1067.51 cr, the Tourism segment recorded a loss of ₹ 19.17 cr. While catering, Rail Neer, and State Teertha reported a profit of ₹ 268.69 cr, ₹ 29.20 cr, and ₹ 29.42 cr, respectively. 

About Indian Railway Catering and Tourism Corporation Limited

Established in 1999 and headquartered in New Delhi, India, the Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a public sector unit in the Indian railway sector. IRCTC provides a wide range of services including catering, hospitality, internet ticketing, travel and tourism, and packaged drinking water across India.

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