IRCTC reported a strong Q2 FY’26, with a profit after tax of Rs. 342 crores, up 11% year-on-year. Revenue from operations increased by 7.71% to Rs. 1,146 crores. The company is focusing on expanding its digital ecosystem and exploring new opportunities in tourism, hospitality, and value-added services, including a payment aggregator business and a unified travel portal. Margins improved due to cost optimization and revenue diversification.
Financial Performance
IRCTC’s Q2 FY’26 results demonstrate a stable and profitable quarter, with strong operational fundamentals. Key highlights include:
- Profit after tax: Rs. 342 crores, up 11% year-on-year.
- Revenue from operations: Rs. 1,146 crores, up 7.71% from Rs. 1,064 crores in the corresponding quarter of the previous year.
- EBITDA: Rs. 404 crores, an increase of 8.31% year-on-year, with an EBITDA margin of 35.25%.
The company’s performance was driven by strong results in internet ticketing, catering, and tourism segments, supported by cost management.
Segment Highlights
Internet Ticketing
The internet ticketing segment continues to be a strong revenue driver, with revenue of Rs. 386 crores, a 4% year-on-year growth. 89.24% of total reserved tickets are booked through IRCTC’s online platform, with an EBITDA margin of 85%.
Catering
The catering segment reported revenue of Rs. 520 crores, an 8% increase year-on-year. The EBITDA margin for this segment remained stable at 13%.
Rail Neer
The Rail Neer segment reported revenue of Rs. 91 crores, a 4.6% year-on-year increase. The EBITDA margin remained stable at around 10%.
Tourism
The tourism segment delivered robust performance, with revenue of Rs. 150 crores, a 20.97% increase year-on-year. The EBITDA margin improved to around 7%.
Strategic Initiatives and Future Outlook
IRCTC is focusing on strengthening its digital ecosystem and expanding new-age offerings. Key initiatives include:
- Payment Aggregator Business: IRCTC has received in-principle approval from RBI and aims to submit a proposal application for acquiring a license by the end of January.
- Unified Travel Portal: IRCTC plans to offer a travel solution through a unified portal to cross-sell products to existing and additional customers.
- MICE Events: IRCTC has started taking up MICE events and recently organized the Mart infrastructure for Indo-ASEAN countries in Bangkok.
The company is confident in sustaining its business growth trajectory in the coming quarters, supported by financial strength and efficient operations.
Source: BSE
