Indian Railway Catering and Tourism Corporation (IRCTC) on 7 November announced its quarterly report for the July-September quarter.

The railway major reported a 30.36% year-on-year (YoY) increase in its net profit at Rs 294.67 crore for the quarter against Rs 226.03 crore reported in the year-ago quarter. The surge in net profit was due to higher ticketing and catering sales during the quarter.

The total revenue of the company during the quarter was at Rs 995.31 crore, which is a 23.51% YoY increase from Rs 805.80 crore reported in the same quarter last year.

The EBITDA (earnings before interest, tax, depreciation, and amortisation) during the quarter was at Rs 366.5 crore, which is a 20.2% YoY increase from the previous quarter. The EBITDA margins were at 36.8% from 37.8% recorded in the same quarter of the previous fiscal year.

The company’s board has also declared an interim dividend of Rs 2.50 per share of the face value of Rs 2 each for the current financial year.

The board has set 17 November as the record date for the payment of the interim dividend for the 2023-24 fiscal year.

IRCTC is the only company that is authorised by the Indian government to provide online railway tickets, packaged drinking water at railway stations and trains in India, and catering services to the railways.

As of 30 September, the Indian government owns a 62.4% stake in the company, whereas the foreign portfolio investors own a 7.1% stake; domestic institutional investors have a 10.5% stake in the company, and the public owns a 20% stake.