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

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

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

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– 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

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

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

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

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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.

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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.

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

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