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Earnings Call

Indian Railway Catering & Tourism Corporation Earnings Call: Key Takeaways

IRCTC achieved record full-year FY26 revenue of ₹5,215cr, up 12% YoY, but Q4 margins were hit by exceptional items and one-off costs, causing a profit dip despite high ticketing and catering volumes.

Why this was an Alfa AlertNot a filter event. Performance was largely in line with historical growth rates without exceeding own guidance by >10%.
Highlights
Revenue growthFY26 revenue rose 11.55% YoY to ₹5,215cr; Q4 grew 15% YoY.
MarginsFY26 margin at 31.95%; Q4 dipped to 27% on exceptional items.
Demand visibilityHigh visibility with 89% share in reserved railway ticket bookings.
Management confidenceBalanced; optimistic about volumes but defensive on recent margin compression.

Growth

Strong 11.5% FY26 revenue growth driven by catering and tourism; internet ticketing maintains high 76% EBITDA margins.

Outlook

Management targets maintaining 30% overall EBITDA margins and plans 4 new Rail Neer plants plus hotel expansion.

Risks

One-off exceptional expenses (₹48cr), CSR, and ECL provisions impacted Q4 bottom line; catering margins remain vulnerable to inflation.

Source

Earnings Call filed with NSE, NSE: IRCTC. Summary written with AI assistance from the document.

Read the document ↗

Indian Railway Catering & Tourism Corporation Ltd: key numbers

Share price
₹458.70
Market cap
₹36,696 Cr
Revenue (annual)
₹5,215 Cr
Net profit (annual)
₹1,393 Cr
P/E (TTM)
26.3×Sector 37.2×
Promoter holding
62.40%+0.00% QoQ
FII holding
3.91%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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