ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | 18.1% YoY growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin 28.17%; Ticketing >80%; Catering 10-12% target range. |
| Demand visibility | Strong, supported by 8% passenger growth and 89% online booking share. |
| Management confidence | High, citing resilient business model and digital stack leadership. |
Growth
Revenue grew 18.1% YoY to ₹1,370 crore. Catering revenue surged 33.82% to ₹732 crore. Internet ticketing revenue was flat at ₹361 crore.
Outlook
Targets 20 new Vande Bharat trains; expanding Rail Neer capacity; pursuing RBI Payment Aggregator license for iPay to monetize non-fare revenue.
Risks
Higher HR costs (₹20cr impact), West Asia crisis increasing resin costs for Rail Neer, and margin dilution from new catering initiatives.
Last quarter's promises, checked
Delivered
- Targeted 30% FY26 EBITDA margin → delivered 31.95% (= BEAT)
- Guided 15% catering growth → delivered 33.82% (= BEAT)
- Guided 20% tourism growth → delivered 13.5% (= MISS)
Partly delivered
- Guided 10% non-convenience fee share → delivered ongoing iPay/portal development (= PARTIAL)
Missed
- Targeted 30% quarterly margin → delivered 28.17% (= MISS)
- Guided 7% IT business growth → delivered 0.5% (= MISS)
Investor Presentation filed with BSE, 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
All →Indian Railway Catering & Tourism Corporation Board Meeting Date
Indian Railway Catering and Tourism Corporation Limited intimated a board meeting on 12 November 2026 to consider unaudited standalone and consolidated half-yearly results for the period ended September 2026. Trading window closes from 1 October 2026 to 14 November 2026.
Indian Railway Catering & Tourism Corporation Legal & Regulatory
IRCTC board noted combined exchange fines of ₹0.21 Crore for LODR lapses and authorised a waiver request, citing administrative ministry and C&AG delays.
- Value
- ₹0.21 Cr
Indian Railway Catering & Tourism Corporation Management Change
Sh. Suresh Kumar Sharma, Group General Manager, has been repatriated from IRCTC upon his own request. Consequently, he ceases to be Senior Management Personnel.
Indian Railway Catering & Tourism Corporation Partnership
IRCTC signed an MoU with the Quality Council of India for third-party food safety and hygiene audits across its catering units. This strategic partnership enhances service standards.
Indian Railway Catering & Tourism Corporation Legal & Regulatory
IRCTC reported a GSTAT order requiring a deposit of ₹50.41 Crore as profiteered amount. The company is filing an appeal against this order.
- Value
- ₹50.41 Cr
Indian Railway Catering & Tourism Corporation Other Announcement
IRCTC has submitted its quarterly shareholding pattern for the period ending September 30, 2026, as required under SEBI Regulation 31.