Logistics

IRCTC Q4 net up 33% sequentially

Our Bureau New Delhi | Updated on June 29, 2021

Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a 33.33 per cent sequential increase in net profit for the fourth quarter ended March 31, at ₹ 104 crore. The company had recorded net profit of ₹78 crore in quarter ended December 31, 2020.

However, on a year-on-year basis, the bottomline for the latest March quarter was down 23 per cent compared to net profit of ₹135 crore recorded in the March quarter last year.

For the entire 2020-21, net profit came in at ₹190 crore, down 63 percent over net profit of ₹513 crore recorded in same period in previous year, largely due to the impact of Covid-19-induced lockdown last year.

The Board of Directors of IRCTC has recommended a final dividend of ₹5 per share for 2020-21.

Total revenues for the fourth quarter ended March 31, grew 46 per cent sequentially at ₹358 crore against total revenue of ₹245 crore in the quarter ended December 31,2020.

On a year-on-year basis, total revenue declined 40 per cent for the quarter under review when compared to total revenue of ₹596 crore recorded in the same March quarter last year.

Total revenue for the entire 2020-21 stood at ₹869 crore, down 63 per cent over total revenue of ₹2,342 crore recorded in the previous year.

Published on June 29, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like