Indian Railway Catering and Tourism Corporation Ltd

The key equity indices recovered all their losses and traded with limited gains in afternoon trade. The Nifty traded above the 23,100 level after hitting day's low of 22,798.35 in morning trade. Banking and metal shares advanced while realty, oil & gas and IT shares declined At 13:25 IST, the barometer index, the S&P BSE ,Sensex, advanced 99.49 points or 0.13% to 76,392.51. The Nifty 50 index added 50.10 points or 0.22% to 23,121.90. In the broader market, the S&P BSE Mid-Cap index fell 0.11%, and the S&P BSE Small-Cap index dropped 0.17%. The market breadth was weak. On the BSE, 1,651 shares rose and 2,240 shares fell. A total of 113 shares were unchanged. Gainers & Losers: SBI Life Insurance Company (up 3.24%), HDFC Life Insurance Company (up 2.77%), Bajaj Finserv (up 2.72%), Adani Enterprises (up 2.39%) and Tata Consumer Durables (up 2.39%) were the major Nifty gainers. Mahindra & Mahindra (M&M)(down 2.42%), Reliance Industries (down 1.41%), Infosys (down 1.08%), Powergrid Corporation of India (down 1.03%) and Bharat Electronics Limited (BEL) (down 1%) were the major nifty losers. Stocks in Spotlight: Indo Count Industries surged 13.64% after the company's consolidated net profit jumped 30% to Rs 75 crore in Q3 FY25 as compared with Rs 58 crore in Q3 FY24. Revenue from operations increased 30% YoY to Rs 1,151.55 crore in Q3 FY25. Indian Railway Catering and Tourism Corporation's (IRCTC) added 0.95% after the company's consolidated net profit jumped 13.7% to Rs 341.09 crore on a 9.79% increase in revenue from operations to Rs 1,224.66 crore in Q3 FY25 over Q3 FY24. Lupin shed 0.40%. The company's consolidated net profit jumped 38.81% to Rs 858.86 crore on 10.60% increase in sales to Rs 5,618.6 crore in Q3 FY25 over Q3 FY24. Gopal Snacks tumbled 4.30% after the company's standalone net profit slipped 70.31% to Rs 5.31 crore as against Rs 17.89 crore posted in Q3 FY24. However, revenue from operations rose 7.07% to Rs 393.57 crore in Q3 FY25 over Q3 FY24. Astrazeneca Pharma India advanced 1.25% after the company's standalone net profit surged to Rs 54.68 crore in Q3 FY25 as compared with Rs 15.80 crore in Q3 FY24. Revenue from operations jumped 44% to Rs 440.29 crore in Q3 FY25 as compared with Rs 305.79 crore in Q3 FY24. Vodafone Idea declined 3.63%. The company has reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore posted in Q3 FY24. Revenue from operations rose by 4.16% to Rs 11,117.3 crore in the third quarter from Rs 10,673.1 crore recorded in the same period last year. Global Markets: European markets advanced as global investors awaited the release of the latest US Consumer Price Index report for January, scheduled for publication on Wednesday. Most Asian stocks traded higher on Wednesday as investors digested the impact of recent U.S. trade policy changes on regional economies. U.S. Federal Reserve Chair Jerome Powell re-emphasized on Tuesday the central bank's focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. In the U.S., the three major averages closed mixed. The S&P 500 added 0.03%, while the Nasdaq Composite lost 0.36%. The Dow Jones Industrial Average gained 0.28%. Tesla Inc was a major weight on tech stocks, losing 6.3% during Tuesday's session as investors fretted over a slew of headwinds for the stock, including heightened competition from Chinese EV makers, as well as concerns that CEO Elon Musk's focus may be too diluted. Investors were still digesting the impact of recently imposed higher trade tariffs, which are expected to potentially underpin inflation and weigh on economic growth in the coming months. Further trade policy changes have also been signaled. The Fed Chair is set to testify before Congress on Wednesday, where he is likely to be questioned about the impact of these policies on the economy and inflation.Powered by Capital Market - Live

Profit before tax stood at Rs 456.55 crore in Q3 FY25, registering a growth of 12.35% from Rs 406.36 crore reported in Q3 FY24. Total expense jumped 11.41% YoY to Rs 824.65 crore in Q3 FY25. The cost of materials consumed was at Rs 16.21 crore (down 10.64% YoY), expenses of catering services stood at Rs 411.09 crore (up 17.88% YoY), tourism expenses were at Rs 160.52 crore (up 9.67% YoY), and manufacturing and direct expenses stood at Rs 47.01 crore (up 7.9% YoY) during the period under review. On the segmental front, revenue from catering was Rs 554.81 crore (up 9.26% YoY), rail was at Rs 96.36 crore (up 15.03% YoY), tourism was at Rs 223.73 crore (up 16.13% YoY), and internet ticketing stood at Rs 353.72 crore (up 5.49% YoY) during the quarter. Meanwhile, the company's board declared an interim dividend of Rs 3 per share for the financial year 2024-25 and set the record date as 20 February 2025. Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways.Powered by Capital Market - Live

The headline equity benchmarks dropped nearly 1% in morning trade on Monday, facing significant losses as concerns over persistent foreign institutional investor (FII) selling and escalating trade war tensions continued to weigh on market sentiment. The Nifty slipped below the 22,900 level. Realty shares extended losses for the third consecutive trading session. At 10:26 IST, the barometer index, the S&P BSE Sensex, slipped 730.93 points or 0.94% to 75,566.26. The Nifty 50 index lost 220.75 points or 0.96% to 22,851.05. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2.64%, and the S&P BSE Small-Cap index dropped 3.40%. The market breadth was weak. On the BSE, 510 shares rose and 3,149 shares fell. A total of 104 shares were unchanged. Result Today: Aegis Logistics (down 3.86%), Ashok Leyland (down 1.47%), Bajaj Consumer Care (down 4.64%), Bajaj Hindusthan Sugar (down 5.70%), Balaji Amines (down 5.51%), Bombay Burmah Trading Corp (down 4.32%), Bharat Forge (down 3.34%), Carysil (down 0.99%), Crompton Greaves Consumer Electricals (down 3.09), Valor Estate (down 7.03%), Dollar Industries (down 3.62%), Endurance Technologies (down 3.15%), Entero Healthcare Solutions (down 2.87%), Fineotex Chemical (down 2.02%), FDC (down 3.81%), FIEM Industries (down 4.04%), Finolex Cables (down 2.44%), Globus Spirits (down 1.78), Godrej Industries (down 3.18%), Godawari Power & Ispat (down 2.24%) and Graphite India (down 3.39%) will declare their earnings later today. Buzzing Index: The Nifty Realty index dropped 2.96% to 837.45. The index dropped 8.74% in three consecutive trading sessions. Raymond (down 5.06%), Oberoi Realty (down 4.33%), DLF (down 4.13%), Prestige Estates Projects (down 3.59%), Sobha (down 3.33%), Godrej Properties (down 3.32%), Mahindra Lifespace Developers (down 3.13%), Brigade Enterprises (down 2.25%), Phoenix Mills (down 1%) and Macrotech Developers (down 0.70%) declined. Stocks in Spotlight: Indian Railway Catering & Tourism Corporation (IRCTC) slipped 3.56%. The company reported 13.7% increase in consolidated net profit to Rs 341.09 crore in the quarter ended 31st December 2024. Net sales increased 9.5% YoY to Rs 1,224.66 crore in Q3 FY25. Awfis Space Solutions dropped 6.25%. The company reported consolidated net profit of Rs 15.18 crore in Q3 FY25 as compared with net loss of Rs 6.29 crore in Q3 FY24. Net sales jumped 44% YoY to Rs 317.72 crore in Q3 FY25. TVS Motors Company slipped 2.37%. The company has signed a memorandum of understanding (MoU) with Karnataka government to invest Rs 2,000 crore in the state over the next 5 years. It will set up a global capability center in Karnataka, expand its production and engineering capabilities in Mysuru, Karnataka. Powered by Capital Market - Live

Net profit of Indian Railway Catering & Tourism Corporation rose 13.70% to Rs 341.09 crore in the quarter ended December 2024 as against Rs 300.00 crore during the previous quarter ended December 2023. Sales rose 9.51% to Rs 1224.66 crore in the quarter ended December 2024 as against Rs 1118.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1224.661118.30 10 OPM %34.0135.23 - PBDT469.90434.78 8 PBT456.55420.87 8 NP341.09300.00 14 Powered by Capital Market - Live

Indian Railway Catering&Tourism Corp. announced that the Board of Directors of the Company at its meeting held on 11 February 2025, has recommended a Second Interim dividend of Rs.3 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live

Indian Railway Catering&Tourism Corp. will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

The firm has also appointed Sudhir Kumar as key managerial personnel with effect from the same date. Sudhir Kumar is an officer of the Indian Railways Accounts Services (IRAS) of 1996 batch. He has a diversity of experience in accounts and finance function of Indian Railways. He has worked in Four Zonal Railways, one Production Unit and Project Management unit of Indian Railway. He has been an awardee at zonal Railway for outstanding services. He has completed various training programs including those at ESCAP in London and Paris, INSEAD in Singapore, ICLIF in Kuala Lumpur and ISB in Mohali. During his tenure in Railway Workshop and Production Units, he overhauled the whole costing system which led to significant cost-cutting and efficiency in entire production workflow. IRCTC, the sole entity authorized by Indian Railways for catering, online ticketing, and packaged drinking water, has played a crucial role in modernizing railway services. It operates one of the most heavily transacted websites in the Asia-Pacific region and has diversified into non-railway catering, e-catering, executive lounges, and budget hotels. IRCTC's consolidated net profit rose 4.47% to Rs 307.87 crore in Q2 FY25 compared with Rs 294.68 crore in Q2 FY24. Revenue from operations grew by 7.21% YoY to Rs 1,064 crore in Q2 FY25. Shares of IRCTC rose 0.63% to currently trade at Rs 767.90 on the BSE.Powered by Capital Market - Live

The brokerage cited IRCTC's monopoly in Indian Railways' e-ticketing and catering services as a key strength. It expects railway modernization and the faster rollout of premium trains to act as significant catalysts, projecting a potential twofold return on the stock. The brokerage also highlighted IRCTC's robust financial metrics, including a 30% free cash flow margin and over 30% return on equity (ROE) and return on invested capital (ROIC). IRCTC, the sole entity authorized by Indian Railways for catering, online ticketing, and packaged drinking water, has played a crucial role in modernizing railway services. It operates one of the most heavily transacted websites in the Asia-Pacific region and has diversified into non-railway catering, e-catering, executive lounges, and budget hotels. IRCTC's consolidated net profit rose 4.47% to Rs 307.87 crore in Q2 FY25 compared with Rs 294.68 crore in Q2 FY24. Revenue from operations grew by 7.21% YoY to Rs 1,064 crore in Q2 FY25. Powered by Capital Market - Live

Revenue from operations grew by 7.21% to Rs 1,064 crore in Q2 FY25 as compared with Rs 992.40 crore reported in Q2 FY24. Profit before tax stood at Rs 416.58 crore in Q2 FY25, registering the growth of 5.40% from Rs 395.21 crore reported in Q2 FY24. Total expense jumped 9.79% year on year to Rs 707.38 crore in Q2 FY25. Cost of materials consumed was at Rs 16.47 crore (down 8.90% YoY), expenses of catering services stood at Rs 346.46 crore (up 18.90% YoY), tourism expenses were at Rs 105.02 crore (down 23.74% YoY) and manufacturing and direct expenses stood at Rs 47.17 crore (up 16.90% YoY) during the period under review. On segmental front, revenue from Catering was Rs 481.96 crore (up 11.68% YoY), Rail Neer was at Rs 90.22 crore (up 15.66% YoY), Internet Ticketing stood at Rs 370.96 crore ( up 13.27% YoY) and Tourism was at Rs 124.45 crore (down 21.47% YoY) during the quarter. On half year basis, the company's net profit jumped 16.83% to Rs 615.58 crore on 8.64% decline in revenue from operations to Rs 1,993 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared an interim dividend of Rs 4 per share for financial year 2024-25 and has set the record date on 17 November 2024. Indian Railway Catering and Tourism Corporation (IRCTC) are an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways. The scrip rose 0.24% to currently trade at Rs 818.15 on the BSE.Powered by Capital Market - Live

Result Today: Dr Reddy's Laboratories, Titan Company, GAIL India, PB Fintech, Oil India, Berger Paints, eClerx Services, Manappuram Finance, Mankind Pharma, Mazagon Dock Shipbuilders, Aptus Value Housing Finance, CCL Products, Fortis Malar Hospitals, JK Tyre, Max Healthcare Institute, Raymond Lifestyle, SJVN, Sundram Fasteners, Timken India, Triveni Engineering, Waaree Renewable Technologies, and Wonderla Holidays will release September quarter earnings later today. Stocks to Watch: Indian Railway Catering and Tourism Corporation (IRCTC) reported 4.5% increase in consolidated profit to Rs 307.9 crore in Q2 FY25 as compared with Rs 294.7crore in Q2 FY24. Revenue jumped 7.2% YoY to Rs 1064 crore in Q2 FY25 as compared with Rs 992.4 crore posted in corresponding quarter last year. Dhampur Bio Organics reported net loss of Rs 23.4 crore during the quarter as compared with net profit of Rs 0.06 crore in Q2 FY24. Revenue fell 4.8% YoY to Rs 633.6 crore in Q2 FY25. Tilaknagar Industries consolidated net profit jumped 57.2% YoY to Rs 58.2 crore during the quarter as compared with Rs 37 crore posted in same quarter last year. Revenue increased 5.8% to Rs 374.9 crore in Q2 FY25 as compare with Rs 354.4 crore in Q2 FY24. Gland Pharma's consolidated net profit declined 15.7% to Rs 163.5 crore during the quarter as compared with Rs 194.1 crore posted in corresponding quarter last year. Revenue increased 2.4% YoY to Rs 1405.8 crore in Q2 FY24. Bata India's consolidated net profit jumped 53% to Rs 52 crore on 2.2% increase in revenue to Rs 837.1 crore in Q2 FY25 over Q2 FY24. Raymond's consolidated net profit zoomed 112% to Rs 59.01 crore during the quarter as compared with Rs 27.8 crore in Q2 FY24. Revenue surged 122.2% YoY to Rs 1,044.7 crore during the quarter.Powered by Capital Market - Live