Indian Railway Catering and Tourism Corporation (IRCTC) continued to show meaningful sequential improvement in revenue and profitability in Q2FY22, despite several segments being affected by the pandemic. The company reported 66% QoQ growth in revenues mainly led by pick-up in revenues across all business segments. Apart from improving revenues the company reported higher than estimated profitability. The company's internet ticketing revenues grew 77% QoQ in the quarter which drove the profitability of the company. EBITDA increased by 90% QoQ to Rs2,115 mn in Q1FY22. Going forward, with easing of covid restriction, improving vaccination...