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Business News/ Companies / Company Results/ IRCTC Q1 Results Live: IRCTC share price trades higher ahead of Q1 earnings; Net profit seen up 6.7% at ₹262 crore

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IRCTC Q1 Results Live: IRCTC share price trades higher ahead of Q1 earnings; Net profit seen up 6.7% at ₹262 crore

3 min read . Updated: 09 Aug 2023, 01:58 PM IST Ankit Gohel

IRCTC Q1 Results: Indian Railway Catering and Tourism Corporation (IRCTC), the online railway ticket-booking services provider, is set to announce its Q1 results today. IRCTC share price traded higher ahead of the release of Q1 earnings.

IRCTC share price traded higher ahead of the announcement of Q1 results today.

IRCTC Q1 Results: Indian Railway Catering and Tourism Corporation (IRCTC), the online railway ticket-booking services provider, is scheduled to announce its Q1 results today. The company, which also provides food services onboard trains, is expected to see decent growth in earnings for the April-June of FY24. IRCTC Q1 net profit may rise by 6.7%, while revenue in Q1FY24 is expected to rise by 9.3% on a year-on-year (YoY) basis. Stay tuned to our IRCTC Q1 Results Live Blog for latest details on IRCTC Q1 results 2023.

09 Aug 2023, 01:58:09 PM IST

IRCTC Q1 Results Live: EBITDA growth seen 5% YoY, margins to contract

IRCTC’s earnings before interest, taxes, depreciation and amortization (EBITDA) during Q1FY24 is expected to rise by 4.9% to ₹336.7 crore from ₹320.9 crore, YoY, according to Prabhudas Lilladher estimates.

EBITDA margin during the quarter may decline by 150 basis points (bps) to 36.1% from 37.6% in the year-ago quarter.

09 Aug 2023, 12:50:09 PM IST

IRCTC Q1 Results Live: IRCTC shares rally over 1% ahead over Q1 results

IRCTC share price rallied more than 1% on Wednesday ahead of the announcement of Q1 results today. IRCTC stock gained as much as 1.36% to hit an intraday high of ₹652.00 per share on the BSE.

09 Aug 2023, 11:52:52 AM IST

IRCTC Q1 Results Live: IRCTC shares flat YTD

IRCTC share price has remained flat this year so far with just 1.3% gains YTD. In the last three months, IRCTC stock price has gained just slightly over 4%.

09 Aug 2023, 11:26:25 AM IST

IRCTC Q1 Results Live IRCTC reported net profit of ₹278.8 crore in March quarter

IRCTC earned a net profit of ₹278.8 crore in the fourth quarter of FY23, rising by 30.4% from a profit of ₹214 crore in the same quarter a year ago. IRCTC posted double-digit growth across key parameters on a year-on-year basis and also recommended a dividend of 100% for its shareholders.

Revenue from operations jumped by 39.7% to ₹965 crore in Q4FY23, as against ₹691 crore in Q4 of the previous fiscal.

09 Aug 2023, 10:51:19 AM IST

IRCTC Q1 Results Live: IRCTC shares gain ahead of Q1 earnings

IRCTC share price gained ahead of the release of Q1 earnings later today. IRCTC stock price was trading 0.34% higher at ₹645.45 apiece on the BSE.

09 Aug 2023, 10:34:47 AM IST

IRCTC Q1 Results Live: Convenience revenue likely to be ₹1.9 billion

Excluding the last 11-days of June, the cumulative non-suburban PRS traffic stood at 162 million. Assuming in the 3rd bucket period of June, passenger traffic settles down at 20 million, collective passenger traffic for the quarter would stand at around 182 million. Given 1.7-1.8x passengers travel per e-ticket, we expect online bookings of 100 million in Q1FY24 resulting in convenience revenue of ₹1.9 billion, brokerage firm Prabhudas Lilladher said.

It retained a ‘Hold’ rating on IRCTC with a target price of ₹679 per share.

09 Aug 2023, 10:14:31 AM IST

IRCTC Q1 Results Live: Ticketing volumes likely to be at 100 million

IRCTC’s ticketing volumes are expected to be at 100 million for the quarter ended June 2023, with convenience fee income of ₹1.9 billion, as per estimates by brokerage firm Prabhudas Lilladher.

09 Aug 2023, 10:02:07 AM IST

IRCTC Q1 Results Live: Operating profit may rise 5% YoY, margins to contract

IRCTC’s earnings before interest, taxes, depreciation and amortization (EBITDA), which is operating profit, during Q1FY24 is expected to rise by 4.9% to ₹336.7 crore from ₹320.9 crore, YoY, according to analysts’ estimates.

EBITDA margin during the quarter may decline by 150 basis points (bps) to 36.1% from 37.6% in the year-ago quarter.

09 Aug 2023, 09:53:22 AM IST

IRCTC Q1 Results Live: Topline growth seen at 9.3% YoY

IRCTC is likely to report a topline, or revenue, of ₹932.2 crore in the quarter ending June 2023, witnessing a growth of 9.3% from ₹853.6 crore in the corresponding quarter of last year, by catering and tourism business.

However, on a sequential basis, IRCTC’s Q1 revenue is expected to fall by 3.4% from ₹965 crore in the March quarter.