IRCTC delivered a strong Q3 FY26 performance with revenue growing 18% year-on-year to INR 1,449cr and PAT rising 15.5% to INR 394cr, supported by balanced growth across ticketing, catering, Rail Neer and tourism. The internet-ticketing segment remains the key profit engine, with very high 85% EBITDA margin and 89% of reserved railway tickets booked online, giving stable cash flows and strong operating leverage. Growth in Catering business was driven by addition of new trains, especially Vande Bharat, and 260 more train sets planned over time create medium-term visibility. Tourism showed...