- By Aditya Pratap Singh
- Fri, 14 Feb 2025 01:21 PM (IST)
- Source:JND
IRCTC Dividend 2025: Indian Railway Catering and Tourism Corporation (IRCTC) declared the second interim dividend for the financial year 2024-25 on February 11, 2025; it is Rs 3 per equity share. As the face value of the stock is Rs 2 per share the value of the dividend is 150%. February 20, 2025, is the record date to be eligible to receive the dividend. The dividend should be paid within 30 days from the date of declaration, and TDS will be deducted from the dividend as per the provisions of the Companies Act, 2013.
Financial Results Q3 FY25
IRCTC reported good financial results for the quarter ended December 31, 2024. Total revenue for the quarter was Rs 1,225 crore, up 10% from Q3 FY24 revenue of Rs 1,115 crore. Most impressive financial results so far: Net profit grew 14% to Rs 341 crore as compared to ₹300 crore in the same period last year.
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Share Performance
Despite these good results, IRCTC shares fell 1.78% to Rs 746.05 per share on Thursday and it was trading over 2% lower at Rs 731.35 per share during intraday trade on Friday. The stock opened at Rs 751.00 and went on to hit an intraday low at Rs 729.0 per share on NSE till 1:15 P.m.
Compliance Issues
Reacting to the absence of a woman director on the board, the IRCTC board said it has received notices from BSE and NSE in respect of SEBI (LODR) Regulations and the Companies Act, 2013. The board informed that it has asked the administration to appoint qualified independent directors, including a woman, to rectify the compliance issues.
About IRCTC
A premier public sector undertaking under the Indian Railways, IRCTC is the sole entity engaged in ticketing, catering and tourism services. The company is working diligently to create shareholder wealth while complying with all applicable regulations.
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