IRCTC Q4 Review - Sequential Improvement Continues: IDBI Capital
A Shalimar Express train sits idle at a platform inside the Delhi Junction railway station. (Photographer: T. Narayan/Bloomberg)

IRCTC Q4 Review - Sequential Improvement Continues: IDBI Capital


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IDBI Capital Report

Indian Railway Catering and Tourism Corp. continued to show meaningful sequential improvement in revenue and profitability in Q4 FY21, despite several segments being affected severely by the pandemic.

The company reported a 51% QoQ increase in revenue to Rs 3,388 million, driven by a pick-up in revenue across all business segments, but largely driven by the internet ticketing segment (now 60% plus of revenue).

Ebitda increased by 55% QoQ to Rs 1,463 million in Q4 FY21. Despite higher exceptional items, primarily due to one-off provisioning for previous years.

Performance related pay and claims against railways, net income increased 33% QoQ to Rs 1,038 million resulting in an earnings per share of Rs 6.7.

Click on the attachment to read the full report:

IDBI Capital IRCTC Result Update.pdf


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