IRCTC Q3 Net Profit Shot By 167%; Dividend Announced - Viral Bake
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IRCTC Q3 Net Profit Shot By 167%; Dividend Announced

Indian Railway Catering and Tourism (IRCTC) have reported its Q3 FY22 results which ended in December 2021. It has showed a consolidated net profit of Rs 208 crore. The profits per cent are high by 167 % against Rs 78 crore reported in Q3 FY2021.

The profit earned by IRCTC in Q2 FY22 was Rs 158 crore which jumped by 31.68% in next quarter. Revenue from operations increased by 140 percent to Rs 540 crore in Q3 FY22 against Rs 224 crore in Q3 FY21.

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Indigo Showed Profits In Q3 Of FY22; After Losses In 7 Quarters

Revenue from catering business surged to Rs 104 crores, Internet ticketing segment had a total revenue of Rs 312 crore and Rail Neer revenue rose to Rs 50 crore in third quarter of FY22.

Revenue in tourism segment has also increased by 353% and it is currently at Rs 68 crore in Q3 FY22. IRCTC has also decided to give an interim dividend of Rs 2 per share for FY22. All the shareholders will get their payments on February 18.

Today IRCTC closed at a 1.38% high; the closing price of the share was Rs 849.70.

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