Shares of PSU railway company IRCTC traded in the green after the company announced a further dividend of Rs 2 per share for the current fiscal year.

The company announced the dividend in its 24th AGM (annual general meeting) held on 26 August 2023.

With this, the total payout for FY23 is Rs 5.5 per equity share with a face value of Rs 2.

Seema Kumar, chairman and managing director of IRCTC, said at the AGM that the post-COVID-19 pandemic scenario of global tourism has gradually converged back to the pre-pandemic level, which is a clear sign of revival of the Indian tourism sector.

She further added that foreign tourist arrival in India during FY23 has been growing month-on-month with the easing of COVID-19 regulations.

During its April-June quarterly report, the company reported a 19% increase in its operating revenue to Rs 1,002 crore. In contrast, the net profit of the company slumped by 5% YoY to Rs 232 crore during the same period.

The company’s next-generation e-ticketing system is headed towards a path of growth as it captures 80.99% market share of the total reserved tickets booked by Indian Railways during FY23.

At 3:30 pm, the shares of IRCTC closed at Rs 676.80 or 2.82% above its previous close on NSE.