IRCTC Q1 results: Net profit surges nearly 200% to ₹246 cr

IRCTC posted its Q1 numbers after markets closed. IRCTC Q1 results:-

– IRCTC Q1 results: IRCTC's revenue from operations soared 250.34% to ₹852.59 crore in the quarter under review as against ₹243.36 crore in Q1FY22

The company's total income increased to ₹877 crore in the June quarter as compared to ₹258 crore in Q1FY22.

The total expenses for the year increased to ₹548 crore from ₹147 crore on a year-on-year basis.

EBITDA or earnings before interest, taxes, depreciation, and amortization came in at ₹320.9 crore in Q1FY23 versus ₹111.5 crore in Q1FY22.

Segment-wise, IRCTC's all five businesses recorded growth. The revenue in the catering services business soared to ₹352 crore from ₹56.7 crore YoY.

Internet ticketing business posted a revenue of ₹301.6 crore, Rail Neer ₹83.6 crore, tourism ₹81.9 crore and State Teertha ₹33.2 crore.

On Wednesday, the company's scrip on BSE closed 2.41% higher at ₹673.10.