The Indian Railways Catering and Tourism Corporation (IRCTC) released April-June quarterly results for fiscal year 2021-22, showing a net profit of Rs 82.52 crore, compared to a net loss of Rs 24.60 crore in the corresponding quarter last year.
Shares of IRCTC hit a record high of Rs 2,727 on the BSE after the company announced it was returning to profits in the June quarter. On Thursday, IRCTC opened on the BSE at Rs 2,595, fluctuating to an intraday high of Rs 2,727.95 and an intraday low of Rs 2,571.70, in the trading session so far.
The revenue of Indian Railways e-ticketing and catering division from operations in the first quarter of the current fiscal year was Rs 243 crore, compared to Rs 131 crore in the corresponding period last year, a growth of 85.4 percent on annual basis. year. The board of directors of the IRCTC also approved a 5:1 stock split, subject to approval by the Ministry of Railways.
In terms of segment revenue, IRCTC’s catering revenue fell 37 percent to Rs 56 crore in the June quarter, compared to Rs 89 crore in the same period a year ago. The company’s internet ticket revenue was Rs 149 crore during the quarter, compared to Rs 35 crore in the same period a year ago.
On the NSE, IRCTC opened at Rs 2,593.95, with an intraday high of Rs 2,728.85 and an intraday low of Rs 2,572.25 in the session so far. It last traded 4.54 percent higher at Rs 2,689.05 on the NSE.
Shares of IRTCTC last traded 4.45 percent higher at Rs 2,686.05 on the BSE.
IRCTC is a wholly owned subsidiary of Indian Railways and provides e-ticketing, tourism and catering services to passengers. It became publicly traded in 2019 and the government owns a 67 percent stake in the company.