- By Priyanka Payal
- Wed, 09 Aug 2023 06:28 PM (IST)
- Source:JND
The share price of Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) ended almost 1% higher at Rs 648.30 a piece on Wednesday (August 9) as the company announced its results for the quarter ended June 30, 2023. In its Q1 results, the company informed that its net profit fell 5.4% at Rs 232.21 crore, while the company’s total revenue rose 17.4% at Rs 1001.78 crore compared to Rs 852 crore in the year-ago quarter.
In the last one year, returns from IRCTC shares have fallen almost 4%, while the stock’s year-to-date (YTD) performance is up roughly 0.93%.
On a sequential basis, the company’s profit after tax (PAT) fell 17% in the first quarter from Rs 279 crore reported in the previous March quarter.
Revenues grew 4% quarter-on-quarter (QoQ) from Rs 965 crore in the last quarter. Segment-wise, the revenue from the catering segment grew 35% YoY to Rs 471 crore during the reporting first quarter.
The same stood at Rs 352 crore in last year’s June quarter. According to the company the revenue from the rail neer segment jumped 10% to Rs 96 crore in the quarter under review against Rs 87 crore in the last-year period.
The company’s Earnings before interest, tax, depreciation and amortization (EBIDTA) stood at Rs 343 crore, up 6.9%. The EBIDTA margin fell 340 basis points (bps) compared to the year-ago quarter at 34.2%.
Revenue from the internet ticketing business fell 4% to Rs 290 crore in the April-June quarter, while revenue from the tourism business grew 58% to Rs 130 crore in the June quarter.
The Indian equity benchmark indices which opened lower today, closed the day in green. Sensex was up 0.23% at 65,995.81 points, while the Nifty closed the day 0.32% higher at 19,632.55 points.