IRCTC Q2 results: Profit rises 30% to Rs 295 crore, revenue up 23%
Total revenue increased 23.51 per cent to Rs 995.31 crore in comparison to Rs 805.80 crore in Q2FY23, Indian Railway Catering and Tourism Corporation (IRCTC) said
 "Indian Railways, trains for lower income groups")
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State-owned IRCTC on Wednesday reported 30.36 per cent rise in net profit at Rs 294.67 crore for September quarter 2023-24.
The company had logged a net profit of Rs 226.03 crore in the year-ago period, it said in a BSE filing.
Total revenue increased 23.51 per cent to Rs 995.31 crore in comparison to Rs 805.80 crore in Q2FY23, Indian Railway Catering and Tourism Corporation (IRCTC) said.
The company said its board has declared an interim dividend of Rs 2.50 per equity share.
IRCTC was conceived as an extended arm of Indian Railways with an aim to upgrade, professionalise, and manage catering and hospitality services at stations, on trains, and other locations.
Additionally, it has been instrumental in promoting both domestic and international tourism. The company comes under Ministry of Railways.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Nov 08 2023 | 10:51 AM IST