IRCTC Posts Turnaround Results In June Quarter, Reports Profit Of Rs 82 Crore

IRCTC Q1 Results: IRCTC announced its April-June quarter results for the financial year 2021-22, reporting a net profit of Rs 82.52 crore, compared to a net loss of Rs 24.60 crore in the year-ago period

The Indian Railways Catering and Tourism Corporation (IRCTC) announced its April-June quarter results for the financial year 2021-22, reporting a net profit of Rs 82.52 crore, compared to a net loss of Rs 24.60 crore in the corresponding quarter last year. Shares of IRCTC touched a record high - trading 4.49 per cent higher at Rs 2,687 apiece on the BSE after the company announced that it returned to profit in the Juen quarter. On Thursday, IRCTC opened on the BSE at Rs 2,595, swinging to an intra day high of Rs 2,727.95 and an intra day low of Rs 2,571.70, in the trading session so far. The Indian Railways' e-ticketing and catering arm's revenue from operations in the first quarter of the current fiscal stood at Rs 243 crore, compared to Rs 131 crore in the corresponding period last year, marking a growth of 85.4 per cent year-on-year. IRCTC's board also approved a stock split of 5:1, subject to approval of the Railway Ministry. On the NSE, IRCTC opened at Rs 2,593.95, registering an intra day high of Rs 2,728.85 and an intra day low of Rs 2,572.25, in the session so far. It was last trading 4.54 per cent higher at Rs 2,689.05 on the NSE.