The Board of Directors of IRCTC, at its meeting on February 12, 2026, approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. Crucially, the Board declared a 2nd Interim Dividend of ₹3.50 per share (175% on a face value of ₹2) for FY 2025-26, setting the record date as Friday, February 20, 2026. The standalone net profit after tax for the nine months was ₹106,679.47 Lakhs.
IRCTC Announces Q3 FY2026 Financial Results and Dividend
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) has released the outcome of its Board meeting held on Thursday, February 12, 2026. The meeting resulted in the approval of key financial disclosures and the declaration of a significant interim dividend for the current fiscal year.
Financial Performance Highlights (Nine Months Ended December 31, 2025)
The Board reviewed and approved the Unaudited Financial Results for both Standalone and Consolidated operations. Key figures for the Nine Months Ended December 31, 2025 (compared to the previous year’s corresponding period) are detailed below:
Standalone Results Summary
- Total Income: Increased to ₹394,851.94 Lakhs (from ₹357,370.96 Lakhs).
- Profit After Tax (PAT): Stood at ₹106,679.47 Lakhs (up from ₹95,670.90 Lakhs).
- Earnings Per Share (EPS) Basic: Reached ₹13.33 (up from ₹11.96).
Consolidated Results Summary
- Total Income: Increased to ₹394,907.28 Lakhs (from ₹357,417.12 Lakhs).
- Profit After Tax (PAT): Stood at ₹106,705.84 Lakhs (up from ₹95,667.33 Lakhs).
- Earnings Per Share (EPS) Basic: Reached ₹13.34 (up from ₹11.96).
The results incorporate an exceptional income of ₹1,670.58 Lakhs for the standalone entity during the nine-month period.
2nd Interim Dividend Declaration
The Board exercised its authority to declare the 2nd Interim Dividend for the Financial Year 2025-26. This dividend is set at ₹3.50 per Equity Share, which translates to @175% based on the face value of ₹2 per share.
To facilitate the payment process, the management has fixed Friday, February 20, 2026, as the official Record Date for determining shareholder eligibility for this dividend payment.
Segmental Performance Review (Standalone)
IRCTC provided a breakdown of performance across its core business segments for the nine months ended December 31, 2025:
| Segment | Profit Before Tax (Lakhs) |
|---|---|
| Catering | ₹20,766.01 |
| Rail Neer | ₹3,946.81 |
| Internet Ticketing | ₹96,995.14 |
| Tourism | ₹7,812.43 |
Auditor’s Review Report and Key Notes
The Unaudited Financial Results were subjected to a Limited Review by the Statutory Auditors, N. K. Bhargava & Co., who issued an unmodified conclusion. However, the review report draws attention to several critical matters:
- Catering License Fee Dispute (Note 3): The financial statements do not recognize the impact of enhanced License Fees related to tariff increases, as the matter is sub-judice following challenges by licensees in various High Courts.
- Rail Neer GST ITC (Note 4): The company has not recognized receivables related to GST Input Tax Credit claims from Developer Cum Operators (DCOs) due to non-availability of complete ITC data and ongoing disputes with the DCOs.
- Anti-Profiteering Proceedings (Note 5): Attention is drawn to the ongoing legal proceedings initiated by the National Anti-Profiteering Authority regarding alleged failure to pass on GST rate reduction benefits for Railneer water.
- Arbitration Award (Note 6): A long-standing arbitration matter regarding welcome drinks and meal pricing was finally adjudicated by the Hon’ble Supreme Court on November 7, 2025, in favor of IRCTC, resulting in no further financial impact.
The Board meeting officially commenced at 02:30 P.M. and concluded at 10:00 P.M.
Source: BSE
