Indian Railway Catering and Tourism Corporation (IRCTC), the government-owned railway ticketing and catering services provider, is set to announce its financial results for the second quarter of FY25 today. The company’s stock showed a decline in early trading, down by 2.39% at ₹811.90 on the NSE as of 9:31 am.
In addition to the earnings announcement, the IRCTC board will consider an interim dividend for FY25, with November 14, 2024, set as the record date for determining shareholder eligibility for the payout if approved.
Analysts are forecasting moderate growth in IRCTC’s financials, expecting revenue from operations to increase by over 4% year-on-year to around ₹1,170 crore. The company’s net profit is projected to rise by nearly 7% YoY for the quarter ending September 2024.
Key points to watch in IRCTC Q2 results:
- New Initiatives: Investors will be keen to assess the impact of IRCTC’s recent initiatives, including changes to the Advance Reservation Period (ARP) and the addition of ticket booking services for Regional Rapid Transit System (RRTS) trains on its platform.
- Advance Reservation Period: Last month, IRCTC reduced the ARP from 120 days to 60 days. The company clarified that there would be no reduction in the number of daily trains, ensuring that reserved ticket capacity remains unchanged.
The results, along with the potential dividend announcement, are expected to provide more insights into IRCTC’s growth trajectory and operational adjustments.
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