ALFA Finder| Revenue growth | Revenue increased 18.1% YoY to 1370 Cr driven by Catering segment. |
|---|---|
| Margins | EBITDA margins declined to 28.17% due to HR and operational costs. |
| Demand visibility | Strong, with 8% passenger growth and rising Vande Bharat penetration. |
| Management confidence | Confident, focusing on technological upgrades and long-term customer centricity. |
Growth
Catering grew 33.8% and Tourism 13.5% YoY, but margins faced pressure from increased HR expenses and lower-margin catering mix.
Outlook
Management targeting 4 new Rail Neer plants and unified portal to capture high-margin tourism upsells.
Risks
EBITDA margin compression to 28.17% from HR cost spikes and potential leakage in Rail Neer through unauthorized vendors.
Last quarter's promises, checked
Delivered
- Guided 30% FY26 margin → delivered 31.95% (= BEAT)
- Guided 15% catering growth → delivered 33.8% (= BEAT)
- Guided 10% non-convenience fee growth → delivered 18.1% (= BEAT)
Partly delivered
- Guided 20% tourism growth → delivered 13.5% (= PARTIAL)
Missed
- Targeted 30% Q4 margin → delivered 28.17% (= MISS)
Earnings Call Transcript filed with NSE, NSE: IRCTC. Summary written with AI assistance from the document.
Indian Railway Catering & Tourism Corporation Ltd: key numbers
- Share price
- ₹471.60
- Market cap
- ₹37,728 Cr
- Revenue (annual)
- ₹5,215 Cr
- Net profit (annual)
- ₹1,393 Cr
- P/E (TTM)
- 27.1×Sector 35.3×
- Promoter holding
- 62.40%+0.00% QoQ
- FII holding
- 3.47%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Indian Railway Catering & Tourism Corporation Ltd
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