The IRCTC Board of Directors, in a meeting held on Thursday, February 12, 2026, approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025. Furthermore, the Board declared a 2nd Interim Dividend of ₹3.50 per share (@175%) for FY 2025-26, setting the Record Date as Friday, February 20, 2026. Financial data shows strong performance across segments, though several legal and operational matters remain under review.
IRCTC Announces Quarterly and Nine-Month Financial Outcomes
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) announced the outcome of its Board meeting held on Thursday, February 12, 2026. The primary outcomes included the approval of the latest financial statements and the declaration of the second interim dividend for the current fiscal year.
Unaudited Financial Results (As of December 31, 2025)
The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and the nine months ending December 31, 2025, along with the Limited Review Report from the auditors. Key Standalone Highlights (in Lakhs):
- Total Income (Nine Months Ended Dec 31, 2025): ₹394,851.94 Lakhs, compared to ₹357,370.96 Lakhs in the previous year’s period.
- Profit After Tax (Nine Months Ended Dec 31, 2025): ₹106,679.47 Lakhs.
- Earning Per Share (Basic) (Quarter Ended Dec 31, 2025): ₹4.93, up from ₹4.27 year-on-year.
The Consolidated results also indicated growth, with Profit After Tax (Nine Months Ended Dec 31, 2025) reaching ₹106,705.84 Lakhs.
Dividend Declaration
The Board formally declared the 2nd Interim Dividend for the Financial Year 2025-26:
- Dividend Rate: ₹3.50/- per equity share (on a face value of ₹2/- each), equivalent to @175%.
- Record Date: Friday, February 20, 2026, for determining shareholder eligibility for this dividend payment.
Key Segment Performance (Standalone – Nine Months Ended Dec 31, 2025)
The standalone segment results highlight performance drivers for the nine-month period:
- Internet Ticketing Profit Before Tax: ₹129,520.39 Lakhs.
- Catering Profit Before Tax: ₹20,766.01 Lakhs.
- Tourism Profit Before Tax: ₹7,812.43 Lakhs.
Significant Accounting Matters Under Review
The accompanying notes detail several significant sub-judice matters affecting financial recognition:
- Catering License Fee Increase: The impact of increased License Fees per Railway Board Circular CC60 of 2019 (for periods spanning November 2019 to December 2025) has not been recognized as licensees have challenged the decision in various High Courts.
- Rail Neer GST Input Tax Credit (ITC): The Company is attempting to ascertain the actual ITC availed by Developer Cum Operators (DCOs) of four Rail Neer plants, as complete information is unavailable. An amount of ₹327.34 Lakhs related to these claims was debited during the nine-month period.
- Anti-Profiteering Notice: Proceedings concerning a ₹5,041.44 Lakhs profiteering allegation by the National Anti-Profiteering Authority (GST) from July 2017 to May 2020 remain pending adjudication before the Goods & Services Tax Appellate Tribunal (GSTAT).
- Arbitration Award: A complex arbitration award (totaling ₹7,471.65 Lakhs) related to welcome drinks and meal cost differentials was finally adjudicated in favour of IRCTC by the Hon’ble Supreme Court on November 7, 2025, with no resulting financial impact on the company.
Other Information
The company confirmed that items such as deviation statements for proceeds, default disclosures, and related party transactions (DPT) filings are Not Applicable for this interim filing period, as per existing compliance requirements for the third quarter.
Source: BSE
