IRCTC Q4 results preview: PAT likely to grow by a fifth, but margin could shrink by over 450 basis points

Preview of IRCTC Q4 results: Indian Railway Catering and Tourism Corporation (IRCTC) – the only company authorized by Indian Railways to offer online booking services for in-country rail tickets and to manage catering services on trains – will release its financial results for the quarter ended March 2023 on Monday, March 29, 2023 .May. Analysts are expecting a strong performance from the company’s catering division.

According to Zee Business, IRCTC is expected to report consolidated net profit of Rs.258.6 crore for the three-month period, up 20.9 percent compared to the same period last year. The analysts are estimating the company’s quarterly revenue at Rs.942 billion, up 36.3 percent year-on-year.

IRCTC is expected to report earnings before interest, taxes, depreciation and amortization (EBITDA) of Rs.336.5 crore, up 20.8 percent compared to the same period last year.

According to the study, the company’s margin — a key measure of a company’s profitability — is 35.72 percent, compared to 40.31 percent a year ago.

IRCTC shares: past performance

IRCTC stock ended the March quarter down 10.5 percent, worse than the 4.1 percent decline in the leading index, the Nifty.

Will IRCTC also announce a dividend on May 29th?

IRCTC dividend history

Indian Railway Catering and Tourism Corporation has announced six dividends since its debut in the secondary market in October 2019.

Catch Latest stock market updates Here. For all other business, politics, tech, sports and auto news, visit Zeebiz.com.