Revenue from operations rose by 3.8% to INR 1,160cr, driven by strong contributions from Internet Ticketing, Tourism, and Rail Neer segments. EBITDA stood at INR 397cr, up 6% YoY, with an improved EBITDA margin of 34.3%, reflecting enhanced operational efficiency and cost optimization. Internet Ticketing grew by 9% with an 84% EBITDA margin. Tourism posted a 21% revenue growth despite geopolitical challenges. IRCTC delivered a stable and profitable performance with a PAT of INR 330.5cr, marking a 7.4% YoY growth. Rail Neer revenue remained flat due to reduced sales of 500ml bottles and temporary...

IRCTC reported subdued performance with revenue growing 4% QoQ and 10% YoY, primarily due to seasonal softness in the catering segment (-5% QoQ) and a flat performance in Rail Neer. Operating margin contracted by 350bps, driven largely by a 230bps decline in internet ticketing margins. However, management remains optimistic about the growth prospects from premium trains like Bharat Gaurav, Maharaja Express, and Tejas Express, as well as expanding non-railway revenue (28% share) and tourism momentum, particularly from religious travel and additional rakes. Furthermore, the RBI approval for a payment aggregator...

~3,000 trains were operating in the month of October. high operating leverage of ticketing division amid shift in volumes to 2S FY23/FY24 respectively to account for higher than anticipated conversion delta of ~30-35%, sustenance is under cloud as some roll-back is likely...

IRCTC's performance was marred by COVID-19 during 4QFY20 (impact was evident from the month of Jan itself), with revenue/EBITDA miss of 4%/8% respectively. Since convenience fee on e-ticketing was absent in the base quarter (levied from 01st Sep 2019), optically growth appears to be higher. However, on a QoQ basis revenue/EBITDA declined 18%/24% respectively....

About the company Incorporated in 1999, state-owned Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a wholly-owned subsidiary of Indian Railways. IRCTC handles tourism, catering, online ticket booking services and provides packaged drinking water in trains and at railway stations in the country. The company was conferred as a Mini-Ratna or Category-I Public Sector Enterprise by the Indian Government in 2008. In the last three months ended on 30th June, nearly 15 to 18 million transactions were placed per month through the IRCTC website. IRCTC also provides non-railway services including budget hotels, e-catering and executive lounges to create a one-stop solution for...

Event - Restructuring of business to simplify holding structure: The Board of Thomas Cook India (TCIL) has approved corporate restructuring exercise where travel and related businesses, such as leisure travel services, foreign exchange, destination management services (SOTC) and vacation ownership business (Sterling Holidays) will be part of TCIL...