IRCTC Q3: Net profit rises 22% to Rs 255 crore, revenue up 70%

Published On: Thursday, February 9, 2023 | By: Team KnowMyStock

Indian Railway Catering and Tourism Corporation (IRCTC) gained 1.59% to Rs 651.25 after the company's net profit rose 22.37% to Rs 255.53 crore on a 69.95% surge in revenue from operations to Rs 918.06 crore in Q3 FY23 over Q3 FY22 as against ₹540 crores in the corresponding quarter of last fiscal. The company's total expenses more than doubled in the quarter under review, rising 121% to ₹607 crores as compared to ₹274 crores in the year-ago period. The company has also declared an interim dividend of ₹3.50 per share, which is 175% of the paid-up share capital amounting to ₹160 crores. The company has fixed February 22, 2023, as the Record Date for the purpose of payment of the second interim Dividend. On the operating front, EBITDA (earnings before interest, taxes, depreciation, and amortization) jumped 16.7 percent to Rs 325.8 crore from Rs 279.2 crore in Q3 FY22.

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MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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