IRCTC | Q3FY22
IRCTC's Q3FY22 net profit jumps 167 pc to Rs 209 cr
Mumbai/IBNS: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday said it has registered a 167.41 percent year-on-year (YoY) rise in its net profit for the third quarter of FY22 at Rs 208.80 crore.
The state-run company had recorded a net profit of Rs 78.08 crore in the same quarter last year.
In the September 2021 quarter, the company's profit had recorded a profit of Rs 158.57 crore.
IRCTC reported revenue from operations at Rs 540.21 crore, up 140.7 percent during the quarter under review came against Rs 224.37 crore in the corresponding quarter previous year.
The company said its total expenses for the year rose to Rs 275 crore from Rs 141 crore recorded in the same quarter last year.
The company also announced an interim dividend of Rs 2 per share on equity shares of the face value of Rs 2 each for the financial year 2021-22.
It has fixed February 18 as the record date for paying the interim dividend.
"The outbreak of Covid-19 pandemic globally and in India is causing significant disturbance and slowdown of economic activity. However, the business activities of the company is going gradually on track in line with the lifting of restrictions as were imposed by the state and central governments," the company said in a filing on BSE.
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