IRCTC jumps after inking pact with Swiggy Foods

Indian Railway Catering and Tourism Corporation rose 2.27% to Rs 957.20 after the company tied up with Bundl Technologies (Swiggy Foods) for supply & delivery of pre-ordered meals through the company's e-catering portal.

The company will launch first phase of the project at four railway stations, Bengaluru, Bhubaneswar, Vijayawada & Visakhapatnam.

Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways.

IRCTC reported 17.4% increase in net profit to Rs 299.99 crore in Q3 FY24 as compared with Rs 255.52 crore posted in Q3 FY23. Revenue from operations jumped 21.81% to Rs 1,118.30 crore in Q3 FY24 as compared with Rs 918.06 crore in Q3 FY23.

 

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