Q4 Net Profits: IRCTC's net profit climbs 2%

29 May 2024 CW Team

For the fourth quarter of 2024, Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) reported a net profit of Rs 2.84 billion. The company's activities generated revenue of Rs 11.55 billion in the March quarter, up 17% from Rs 9.65 billion during the same time the previous year.

Subject to the agreement of the shareholders at the Annual General Meeting (AGM), the board of directors has proposed the final dividend of 4 per share on the face value of 2 per share for the fiscal year 2023?2024. The interim dividend of X 2.50 per share (face value of X 2/- per share) issued in November 2023 is in addition to the recommended final dividend. This indicates that the total dividend for the financial year 2023?24 was 6.50 per share on the face value of 2 per share, as the filing showed.

The state-run railway entity's?EBITDA (earnings before interest, tax, depreciation, and amortisation) saw an increase of 11.6% to Rs 3.62 billion, compared to Rs 3.24 billion in the same quarter of last year. The filing showed that the overall contribution of internet ticketing has declined to 31% from 32% last year and 37% in the financial year 2023.

The catering business grew 41.1% to Rs 5.30 billion. The revenue of the packaged drinking water, Rail Neer, sold by the company grew by 13.1% to Rs 0.83 billion, and in its tourism unit by 11.6% to Rs 1.54 billion. The stake of the government in the PSU stands at 62.4% as of the second quarter of the financial year 2024.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..