IRCTC's June quarter profit at Rs 87 crore vs Rs 25 crore loss a year ago

Internet ticketing revenue regains over comparable quarter; Board approves share 1:5 split

The Indian Railways Catering and Tourism Corporation (IRCTC) has reported a Rs 87.22 crore total comprehensive income for the first quarter of financial year 2021-22. The company had reported a loss of Rs 25.23 crore in the same quarter of the financial year 2020-21.

The IRCTC Board also approved a stock split on Thursday, under which each share of Rs 10 face value will be subdivided into 5 shares of Rs 2 each. IRCTC said that this is being done to enhance the liquidity in the capital market, to widen shareholder base and to make the shares affordable to small