IRCTC shares dropped more than 2% as the EBITDA margin slipped in Q3. As of 10:35 AM, the shares were trading 2.86% lower at Rs 729.50.
The company’s net profit rose 13.7% YoY to ₹341 crore, up from ₹300 crore in the same quarter last year. Revenue increased 10% YoY, reaching ₹1,224.7 crore, compared to ₹1,115.5 crore in Q3 FY24. EBITDA also saw a 5.7% increase, climbing to ₹417 crore from ₹394 crore.
Despite the overall growth, EBITDA margins slipped to 34% from 35.3% in the previous year, which led to investor concerns, causing the stock to decline.
IRCTC Declares ₹3 Interim Dividend
The IRCTC board approved a second interim dividend of ₹3 per share for FY25, which is 150% of the face value of ₹2 per share. The record date for eligibility is February 20, 2025.
IRCTC shares opened at today ₹755.00, reaching a high of ₹759.80 before dropping to a low of ₹722.05. The stock’s 52-week range stands between ₹1,138.90 and ₹722.05, with the latest low matching its yearly bottom
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