IRCTC's Q4 net profit falls 23%; firm to pay dividend of Rs 5 per share

Revenue from operations plummeted 41.2 per cent in the reporting period to Rs 338 crore as against Rs 575 crore in the same period a year earlier

IRCTC, the catering and tourism arm of Indian Railways, on Tuesday reported a 23 per cent fall in net profit at Rs 103.7 crore for the quarter ended March 31, 2021. It was Rs 135 crore in the year-ago period.

Revenue from operations dropped 41.2 per cent in the reporting period to Rs 338 crore as against Rs 575 crore in the same period a year before.

The company's board has recommended a dividend of Rs 5 per share for the financial year 2020-21.

Segement wise, revenue from catering services declined by almost 70 per cent to Rs 67 crore