IRCTC Quarterly results🚆🍱
⬆️IRCTC’s net profit in Q1 FY22 nearly tripled to INR 245.52 crores from INR 82.5 crores in Q1 FY21.
⬆️The company’s revenues increased by 251% YoY from INR 243 crores in Q1 FY21 to INR 852 crores in Q1 FY22.
⬆️Consequently, EPS shot up to INR 3.07 against 1.03 from the previous year.
Regulatory filings say that all the segments have grown in revenue. Here’s the segment-wise breakup of IRCTC’s Q1 business:
• Revenue from catering service business: INR 352 crores.
• Revenue from Internet ticketing business vertical: INR 301.6 crores.
• Revenue from Rail Neer: INR 83.6 crores.
• Revenue from Tourism: INR 81.9 crores.
• Revenue from State Teertha: INR 33.2 crores.
About IRCTC:
IRCTC is a wholly owned subsidiary of Indian railways which is a monopoly in this sector. Only and Only IRCTC is authorized to sell railway tickets. It is also the only company allowed to distribute water across all the stations and provide catering services on trains.
Any change in government policies implemented by the ministry of railways can affect the business model of IRCTC. The company is highly prone to natural disasters- Covid etc. can put a halt to the tourism sector.
Business segments of IRCTC:
• Catering:
-Mobile catering: Inside the trains.
-Static catering: Food plazas etc. at the railway stations.
-E-catering: Online food ordering platform.
• Internet Ticketing: Only authorized platform by Indian railways to sell tickets.
• Packaged Drinking Water: Rail Neer is again the only authorized company to
sell packaged drinking water.
• Travel and Tourism: Domestic travel, Corporate travel, Luxury travel.
• State Teertha: Pilgrimage travel.
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