Indian Railway Catering & Tourism Corporation Ltd. share price target

operational. In addition, election special trains that were ferried in base quarter had a component of bottling business too which was missing this time around. In light of weak performance in 1QFY26, we cut our revenue estimates by ~4%...

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...

Revenue up 10.1% YoY: Revenue increased 10.1% YoY to Rs12,685mn (PLe Rs13,193mn). Catering revenue was flat YoY to Rs5,294mn (PLe Rs6,212mn) with an EBIT margin of 12.2% (PLe 13.1%). Internet ticketing revenue increased 8.8% YoY to Rs3,725mn (PLe Rs3,486mn) with an EBIT margin of 82.4% (PLe 83.6%). Rail Neer revenue was up 15.7% YoY to Rs960mn (PLe Rs1,001mn) with an EBIT margin of 12.2% (PLe 15.4%). Revenue from Tourism surged by 38.2% YoY to Rs2,744mn (PLe Rs2,494mn) with an EBIT margin of 18.1% (PLe 8.3%). EBITDA increased 6.4% YoY: EBITDA increased 6.4% YoY to Rs3,855mn (PLe...

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...

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...