Indian Railway Catering & Tourism Corporation Q2 Results Live : Indian Railway Catering & Tourism Corporation (IRCTC) declared their Q2 results on 04 Nov, 2024, revealing a topline increase of 6.9% and a profit rise of 4.48% year-on-year. However, when compared to the previous quarter, the revenue showed a decline of 5.01%, with only a marginal profit increase of 0.05%.
The financial report also highlighted a rise in selling, general, and administrative expenses, which increased by 3.28% quarter-over-quarter and surged by 20.48% year-on-year. This increase in costs has raised concerns regarding the company’s operational efficiency moving forward.
Despite these challenges, the operating income saw a slight decrease of 0.98% quarter-over-quarter while managing to increase by 2.02% year-over-year. The Earnings Per Share (EPS) for Q2 stood at ₹3.85, reflecting a 4.52% increase year-over-year, suggesting that the company remains profitable amid operational headwinds.
IRCTC has experienced notable volatility in its stock performance, delivering a -0.59% return in the past week, -20.15% over the last six months, and a -8.03% year-to-date return. The current market capitalization stands at ₹65,296 Crore, with a 52-week high of ₹1,138.9 and a low of ₹664.4.
As of 05 Nov, 2024, market sentiment appears bearish, with out of 5 analysts covering the company, 2 have issued a Strong Sell rating, 1 has rated it as Sell, 1 as Hold, and only 1 analyst has given a Strong Buy rating. The consensus recommendation has shifted to Sell, reflecting concerns over the company’s recent performance.
Indian Railway Catering & Tourism Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1064 | 1120.15 | -5.01% | 995.32 | +6.9% |
| Selling/ General/ Admin Expenses Total | 76.89 | 74.45 | +3.28% | 63.82 | +20.48% |
| Depreciation/ Amortization | 13.11 | 13.87 | -5.49% | 14 | -6.32% |
| Total Operating Expense | 704.3 | 756.89 | -6.95% | 642.76 | +9.57% |
| Operating Income | 359.69 | 363.26 | -0.98% | 352.56 | +2.02% |
| Net Income Before Taxes | 416.58 | 411.85 | +1.15% | 395.21 | +5.41% |
| Net Income | 307.87 | 307.72 | +0.05% | 294.68 | +4.48% |
| Diluted Normalized EPS | 3.85 | 3.83 | +0.54% | 3.68 | +4.52% |
