The Board of Directors of IRCTC approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. Significantly, the Board declared a Second Interim Dividend of ₹3.50 per share (175% on a ₹2 face value) for FY 2025-26. The Record Date for this dividend payment has been fixed as Friday, February 20, 2026.
IRCTC Announces Financial Results and Dividend Approval
The Board of Directors of Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) convened on Thursday, February 12, 2026, to consider and approve key financial decisions. The primary outcomes included the adoption of the Unaudited Financial Results for the third quarter and the cumulative nine months ending December 31, 2025, following a Limited Review by the auditors.
Second Interim Dividend Declared
In a major announcement for shareholders, the Board approved the declaration of the Second Interim Dividend for the Financial Year 2025-26:
- The dividend rate is set at ₹3.50/- per equity share, corresponding to 175% of the ₹2 face value.
- The Record Date for determining entitlement to this dividend is fixed as Friday, February 20, 2026.
The Board meeting commenced at 02:30 P.M. and concluded at 10:00 P.M.
Standalone Financial Highlights (Nine Months Ended Dec 31, 2025)
The nine months ended December 31, 2025, saw strong performance across key metrics in the Unaudited Standalone Financial Results (compared to the same period last year):
- Total Income: Increased to ₹394,851.94 Lakhs from ₹357,370.96 Lakhs.
- Profit Before Tax (PBT): Rose significantly to ₹142,817.59 Lakhs from ₹128,502.30 Lakhs.
- Profit After Tax (PAT): Stood at ₹106,679.47 Lakhs, up from ₹95,670.90 Lakhs in the previous period.
- EPS (Basic): Increased to ₹13.33 per share from ₹11.96.
Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
The Consolidated Financial Results, incorporating the subsidiary company, also reflected growth:
- Total Income: Reached ₹394,907.28 Lakhs (up from ₹357,417.12 Lakhs).
- Profit Before Tax (PBT): Increased to ₹142,854.79 Lakhs from ₹128,498.03 Lakhs.
- Profit After Tax (PAT): Total comprehensive income stood at ₹107,318.45 Lakhs.
- EPS (Basic): Grew to ₹13.34 per share from ₹11.96.
Segmental Performance Overview (Nine Months Ended Dec 31, 2025)
In the standalone segment analysis, the Internet Ticketing segment remained the primary contributor to Profit Before Tax, reporting ₹129,520.39 Lakhs for the nine-month period. The Catering segment contributed ₹20,766.01 Lakhs to PBT.
Auditor’s Review and Emphasis of Matter
The auditors issued a review report concluding that the statements appear fairly presented according to Ind AS, but emphasized several critical notes requiring reader attention:
- Catering License Fee Dispute (Note 3): The impact of the enhancement of License Fees related to Railway Board Circular CC60 of 2019 has not been recognized as the matter remains sub-judice across various High Courts and arbitration proceedings.
- Rail Neer GST Input Tax Credit (Note 4): The company has not recognized receivables concerning GST Input Tax Credit (ITC) from four Rail Neer Developer Cum Operators (DCOs) due to incomplete data and ongoing disputes.
- Anti-Profiteering Notice (Note 5): The pending matter with the National Anti-Profiteering Authority regarding alleged profiteering of ₹5,041.44 Lakhs from July 2017 to May 2020 remains under adjudication by the GST Appellate Tribunal (GSTAT).
- Arbitration Award Resolution (Note 6): The long-standing arbitration award involving licensee compensation has been finally adjudicated by the Hon’ble Supreme Court in favour of IRCTC on 07.11.2025, resulting in no further financial impact.
Other Corporate Disclosures
IRCTC confirmed that all other mandatory financial information, including disclosures on deviations, loan defaults, and related party transactions, were ‘Not Applicable’ for this interim filing, as required by regulations for this specific reporting period.
Source: BSE
