Dividend Alert: This PSU Declares Second Interim Dividend of Rs 3 Per Share for FY25
Company Reports Strong Q3 Earnings: Net Profit Rises 13.7 Per Cent, Total Revenue Up 10 Per Cent
Indian Railway Catering and Tourism Corporation (IRCTC) has announced robust financial results for Q3FY25, reporting a 13.7 per cent increase in consolidated net profit, reaching Rs 341 crore for the quarter ending December 31, 2024. This marks a significant rise from Rs 300 crore in the same quarter of the previous year.
According to the company's exchange filing, total revenue from operations grew 10 per cent to Rs 1,224.7 crore, compared to Rs 1,115.5 crore in Q3FY24. Despite revenue growth, IRCTC’s EBITDA rose by 5.7 per cent to Rs 417 crore, up from Rs 394 crore in the year-ago period. However, the EBITDA margin declined slightly to 34 per cent, compared to 35.3 per cent in Q3FY24.
Interim dividend Announcement
The Board of Directors of IRCTC has approved a second interim dividend of Rs 3 per share for FY25, equivalent to 150 per cent of the face value of Rs 2 per share. The record date for determining shareholder eligibility has been set for February 20, 2025.
Segment-wise Revenue Performance (Consolidated)
- Catering Revenue: Rs 554.8 crore
- Rail Neer Revenue: Rs 96.3 crore
- Internet Ticketing Revenue: Rs 353.7 crore
- Tourism Revenue: Rs 223.7 crore
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The consolidated total income for Q3FY25 stood at Rs 1,281.2 crore, compared to Rs 1,161.0 crore in the same period last year.
IRCTC’s share price declined by 2.94 per cent on the NSE, closing at Rs 750.95 per share. Over the past year, the stock has corrected nearly 17 per cent.
Disclaimer - This article is for informational purposes only and should not be construed as investment advice.