IRCTC posts Q1 profit at Rs 82 cr, board approves 1:5 stock split

After the announcement of the stock split decision, the scrip surged to an all time high of Rs 2,728

IRCTC, the tourism and catering arm of Indian Railways, on Thursday reported a net profit of Rs 82 crore for the June quarter. The company had posted a loss of Rs 24 crore in the year-ago period and a profit of Rs 103 crore the March quarter.

Revenue from operations rose 85.4 per cent to Rs 243 crore as compared to Rs 131 crore in the last year quarter.

Further, IRCTC's board has approved the proposal for a split of 1 share at a face value of Rs 10 each into 5 equity shares at a face value of Rs 2 each.