IRCTC Shares Q1 FY25 Results: Profit Expected to Rise Amid Lower Trading

Shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC Shares), a state-run leader in ticketing, catering, and tourism services, saw a dip in trading ahead of the announcement of its June quarter results. Financial experts at Prabhudas Lilladher predict a 6.7% year-on-year increase in net profit; bringing it to Rs 303.30 crore, up from Rs 284.10 crore in the corresponding quarter last year.

IRCTC Shares: Projected Revenue and Profit Growth

Sales are anticipated to rise by 11.2% YoY, reaching Rs 1,114.20 crore. The expected EBITDA stands at Rs 393.40 crore, with a margin improvement of 107 basis points, bringing it to 35.3%. Online ticket bookings are projected to reach 11.6 crore, contributing Rs 320 crore in revenue, while catering revenue is forecast to grow by 7% YoY to Rs 510 crore. The tourism segment is also expected to see 11% YoY growth. Overall, IRCTC’s revenues are expected to increase by 11.2% YoY, totaling Rs 1,110 crore with an EBITDA margin of 35.3%. Despite these positive projections, the brokerage has maintained a ‘Reduce’ rating with a target price of Rs 811, based on a multiple of 47.5 times FY26E EPS.

Upcoming Events: Earnings Call and AGM

IRCTC will conduct an earnings conference call for analysts and investors on Wednesday, August 14, 2024, at 11:30 am to discuss its Q1FY25 results. Additionally, the 25th Annual General Meeting (AGM) is scheduled for Friday, August 30, at 12:30 pm. The company has set Friday, August 23, 2024, as the record date to determine members eligible to receive the final dividend for FY2023–24. If approved during the AGM, the dividend will be disbursed within 30 days following the conclusion of the meeting.