- Date : 31/05/2023
- Read: 3 mins
Are you interested in learning about IRCTC's Q4 results? The company's net profits jumped 30%, and dividend declared at Rs 2 per share. Read the article to know more.
- Are you interested in learning about IRCTC's Q4 results? The company's net profits jumped 30%, and dividend declared at Rs 2 per share. Read the article to know more.
Over the past year, the stock has decreased by approximately 6%. In the last six months, it has decreased by 12%, but in the last month, it has increased by 5%.
Also Read: What are monopoly stocks, and best five monopoly stocks in India 2022?
Understanding Q4 Earnings of IRCTC
- IRCTC earned a net profit of ₹278.8 crore in the Q4 of FY23, up 30.4% from the previous year.
- In Q4FY23, revenue from operations grew by 39.7% to ₹965 crore, up from ₹691 crore in the Q4 of the previous fiscal year.
- In Q4FY23, the catering business generated ₹395.77 crore in revenue, up 48.67% from ₹266.19 crore in Q4FY22. Rail neer revenue increased by 34.35% to ₹73.36 crore in Q4FY23, from ₹54.60 crore in the same quarter last year.
- In Q4FY23, internet ticketing revenue slightly increased to ₹295.12 crore from ₹292.82 crore in the previous fiscal year. State Teertha revenue increased by over 2.5 times YoY to ₹65.44 crore from ₹25.81 crore in Q4FY22.
- IRCTC's Q4FY23 EBITDA was ₹324.6 crore, representing a 16.5% YoY increase in operating profit. However, EBITDA margins contracted to 33.6% in Q4FY23 from 40.3% in Q4FY22.
- In FY23, the railway company's net profit grew by 52% to Rs 1,006 crore, while revenue from operations increased by 88% to Rs 3,541 crore.
- In Q4, the profit after tax increased by 9% sequentially from Rs 256 crore in the preceding December quarter, while revenues rose 5% QoQ from Rs 918 crore in Q3.
- IRCTC has recommended a final dividend of ₹2 per share (100%) for FY23 in a meeting held on Monday, which is subject to approval from shareholders in the upcoming AGM.
Also Read: IRCTC Q3 results declared. Profit rises 22% YoY. Here are other insights
IRCTC's Q4FY23 results show a significant increase in net profits and revenues due to the revival in travel demand. Experts are optimistic about the stock due to the introduction of theme-based tourist trains by Indian Railways and the potential growth lever of rail expansion for companies like IRCTC. The record-breaking capital outlay of Rs 2.40 lakh crore in the Union Budget 2023-24 further supports this positive outlook.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or tax advice.
