PSU Miniratna Co Announces 30% YoY Rise In Profit In Q4, 100% Dividend

Mid cap public sector enterprise, Indian Railway Catering & Tourism Corporation Ltd on Monday announced 30% YoY surge in its standalone net profit at Rs 279 crore for fourth quarter ended March against Rs 214 crore net profit announced in the corresponding quarter of the preceding year. Board of directors of the mid cap company announced final dividend of Rs 2 per share for the financial year 2022-23. IRCTC share price is Rs 645.60 per share with intraday jump of 3.40% intraday. Check details below:

IRCTC Declares 100% Dividend: According to the BSE filing of the company, "Recommended a Final Dividend of Rs.2/- per equity share of face value of Rs. 2/- each for the financial year 2022-23 [@100% of the paid-up share capital of Rs. 160 cr.], subject to the approval of shareholders in the forthcoming Annual General Meeting. This Final Dividend is in addition to the Interim Dividend of Rs.3.50/- per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders."

IRCTC Q4: The company's revenue from operations registered a jump of 40% YoY to Rs 965 crore for the quarter ended March as against Rs 691 crore declared in the corresponding quarter of last fiscal. For the whole fiscal year, IRCTC declared a jump of 52% in its net profit to Rs 1,006 crore. Revenue from operations soared 88% in FY23 to Rs 3,541 crore.

IRCTC Stock Performance & Return: Last trading price of IRCTC share is Rs 645.60 per share with intraday gain of 3.40%. IRCTC stock's 52-week high price is Rs 775.00 per share and 52-week low price is Rs 557.00 per share, respectively. Its market capitalisation is Rs 51,648.00 crore. IRCTC share surged 5% in last 1-month, declined 11% in last 6-months, gave return of 70% in last 2-years, and 128% return in last 3-years.

About: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems, according to its official website.