On Monday (May 29), the Indian Railway Catering and Tourism Corporation (IRCTC) announced a year-on-year (YoY) increase in net profit of 30.4 percent, coming in at Rs 278.8 crore for the fourth quarter that ended on March 31, 2023.

During the same period of time the previous year, the business reported a net profit of 214 crore Indian rupees.

The overall revenue for the March quarter came in at 965 crore for the time under review, which represents a growth of 39.7 percent when compared to the similar period of the previous fiscal year, which was 691 crore.

EBITDA at the operational level increased by 16.5 percent, reaching 324.6 crore in the fourth quarter of the current fiscal year, compared to 278.5 crore in the same period of the previous fiscal year.

The EBITDA margin for the reporting quarter was 33.6 percent, which is a significant decrease from the 40.3 percent it was during the same time period in the prior fiscal year. Earnings before interest, taxes, depreciation, and amortisation are all included in EBITDA.

The board of directors has proposed a final dividend for the next fiscal year 2022–23 of Rs 2 per equity share with a face value of Rs 2 each (representing one hundred percent of the paid-up share capital of Rs 160 crore).

The findings were announced after the market had closed for the day. On the BSE, shares of Indian Railway Catering and Tourism Corporation Ltd. finished the day at 645.60 rupees, representing an increase of 21.25 rupees, or 3.40 percent.