IRCTC Q4 results: Net profit jumps 79% to Rs 150.6 crore; announces dividend of Rs 2.50 per share

The company reported a net profit of Rs 150.6 crore, compared with Rs 84 crore a year ago.

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However, its net profit in the quarter ended March, dropped 26.9 per cent sequentially from the quarter ended in December 2019.
Mumbai: State-run Indian Railway Catering & Tourism Corporation (IRCTC) on Friday reported a 79.3 per cent jump in its March quarter net profit from a year ago.

The company reported a net profit of Rs 150.6 crore, compared with Rs 84 crore a year ago.

However, its net profit in the quarter ended March, dropped 26.9 per cent sequentially from the quarter ended in December 2019, when it reported a net profit of Rs 205.80 crore, likely hurt by the coronavirus-induced nationwide lockdown which was imposed in late March.


The company’s revenue from operations came in at Rs 586.89 crore, up 17.9 per cent from Rs 497.74 crore a year ago.

Sequentially, revenues from operations dropped 18 per cent from Rs 715.98 in the quarter ended December 2019.

IRCTC also announced a final dividend of Rs 2.50 per share.
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Ahead of the announcement, IRCTC shares closed 1.14 per cent higher at Rs 1,401.15 on the BSE, while benchmark Sensex dropped 0.39 per cent to close at 36,594.33 points.
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