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Home/Business/IRCTC Q1 Profit Flat Despite 18.1% Reven…

IRCTC Q1 Profit Flat Despite 18.1% Revenue Surge

Business
By ThePip Desk•
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A vendor serves food to passengers on an Indian train. Passengers are seated, and windows show blurred exterior.

Vendor serving food and beverages on an Indian passenger train

Key Highlights

IRCTC’s Q1 net profit remains steady at ₹330.16 crore, while revenue jumps 18.1% to ₹1,369.53 crore. Catering revenue leads growth.

Indian Railway Catering and Tourism Corporation (IRCTC) announced a consolidated net profit of ₹330.16 crore for the June quarter, holding largely flat compared to the previous year. from operations, however, saw a significant 18.1% year-on-year increase, climbing to ₹1,369.53 crore.

The marginal profit decline was noted from ₹330.71 crore reported in the same quarter last year, though it marked a 1.2% sequential rise from ₹326.40 crore in the March quarter. Despite strong annual revenue growth, the company experienced a sequential decline of 6.2% from ₹1,460 crore in the March quarter.

Key Q1 Financial Metrics

  • Q1 : ₹330.16 crore
  • Previous Year Q1 Net Profit: ₹330.71 crore
  • Q1 Revenue from Operations: ₹1,369.53 crore
  • Previous Year Q1 Revenue: ₹1,159.7 crore

Segment-wise, catering revenue emerged as a primary growth driver for IRCTC during the quarter, indicating robust demand in that sector. Other operational segments displayed a mixed performance landscape.

Segmental Revenue Performance

  • Catering Revenue: Grew 33.9% year-on-year to ₹732.26 crore.
  • Rail Neer Revenue: Remained nearly flat year-on-year at ₹113.91 crore, but saw a 13.8% sequential increase.
  • Internet Ticketing Revenue: Marginally increased 0.6% year-on-year to ₹361 crore, despite a 7.5% sequential decline.
  • Tourism Revenue: Rose 13.8% year-on-year to ₹168.07 crore, but experienced a sharp sequential decline.

At the operating level, IRCTC’s for the June quarter stood at approximately ₹386 crore. This figure was lower than the ₹394 crore recorded during the year-ago period.

The EBITDA margin for the quarter was approximately 28.18%. This indicates a contraction in operational profitability compared to approximately 34% reported in Q1 FY26.

IRCTC Stock Performance Overview

IRCTC shares have encountered significant downward pressure in recent trading periods, reflecting a substantial erosion in value since their all-time high. The stock has struggled through calendar year 2026 so far.

  • Value Loss: Over 60% since all-time high of ₹1,318 in May 2024.
  • Current Trading Price: ₹513.
  • Year-to-Date Loss (2026): 25%.
  • Previous Performance: Declined in the previous two calendar years.
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