Indian Railway Catering and Tourism Corporation Limited (IRCTC) has reported 30.36 percent net profit growth at Rs 294.67 crore, for the September quarter 2023-24. Sharing the information in the Bombay Stock Exchange (BSE) filing, the company said it logged net profit of Rs 226.03 crore in the same month last year.
IRCTC’s total revenue
According to the IRCTC, the total revenue surged 23.51 percent to Rs 995.31 crore as against Rs 805.80 crore in the second quarter of financial year 2023. The IRCTC board has declared an interim dividend of Rs 2.50 per equity share.
It may be noted that IRCTC was conceived as an extended arm of Indian Railways. The initiative was taken with an aim to upgrade, professionalise, and manage catering and hospitality services across stations, on trains, and other locations across the country.
About IRCTC
Apart from this, the IRCTC has also played an important role in promoting both domestic as well as international tourism.
Also, IRCTC has always prioritised open communication and disclosure to stakeholders, demonstrating the company’s dedication in providing investors, clients, and partners understanding of financial health as also strategic direction.
The core activities of the company include – catering and hospitality, internet ticketing, travel and tourism, and packaged drinking water.
Other details
Currently, the company is operating through fourteen Rail Neer plants at Nangloi-Delhi, Danapur-Bihar, Palur-Tamil Nadu, Ambernath-Maharashtra, Amethi (Uttar Pradesh), Parassala-, Tamil Nadu, Bilaspur (Chhattisgarh) Hapur (Uttar Pradesh), Sanand- Gujarat, Mandideep-Madhya Pradesh, Jagiroad-Assam, Maneri-(Madhya Pradesh), Nagpur, (Maharashtra) and Sankrail-Kolkata.
Apart from these, eleven base Kitchens are in New Delhi, Ahmedabad, Howrah, Mumbai Central, Mumbai CST, Patna, Ballarshah, Nagpur, Balasore, Sealdah and Kharagpur Junction 5 Zonal Offices.
Also, ten Regional Offices at Chandigarh, Lucknow, Bhopal, Jaipur, Ahmedabad,Bhubaneswar, Patna, Guwahati, Bangalore and Ernakulam. One ticketing office is situated in New Delhi.