IRCTC Q3 Net Profit Zooms 167% To Rs 209 Crore; Announces Interim Dividend
New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a consolidated net profit of Rs 208.80 crore in the third quarter (Q3) -- ended December 2021 -- for the financial year 2021-22, up 167.41 per cent against Rs 78.08 crore reported in the same period last year.
On a quarterly basis, the catering and tourism arm of Indian Railways' profit rose 31.68 per cent in Q3 from Rs 158.57 crore in Q2.
Revenue from operations surged 140.77 per cent to Rs 540.21 crore in Q3 FY22 as against Rs 224.37 crore in Q3 FY21.
Total revenue for the quarter under review stood at Rs 556.51 crore.
Catering business revenue surged to Rs 104.65 crore, Internet ticketing segment recorded revenue of Rs 312.86 crore, and Rail Neer revenue rose to Rs 49.94 crore in Q3 FY22.
IRCTC also declared an interim dividend of Rs 2 per share on a face value of Rs 2 each for FY22. It said the dividend will be 100 per cent of the paid-up share capital amounting to Rs 160 crore.
The record date of the payment has been fixed on February 18.
Meanwhile, IRCTC shares settled 0.29 per cent higher at Rs 838.10 on the BSE index.
