Indian Railway Catering & Tourism Corporation (IRCTC) investor relations material

Executive summary

• Achieved highest ever revenue and profitability in Q3 FY26, reflecting robust performance across all business segments and strong operational execution.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and published, with a limited review by statutory auditors.

• PAT reached INR 394 crore, up 15.5% year-over-year, driven by internet ticketing, Rail Neer, and tourism growth.

• A 2nd interim dividend of ₹3.50 per share (face value ₹2) was declared for FY 2025-26, with a record date of February 20, 2026.

Financial highlights

• Revenue from operations rose 18.2% year-over-year to INR 1,449 crore, with broad-based contributions.

• Standalone net profit after tax for Q3 FY26 was ₹39,448.63 lakhs, compared to ₹32,831.40 lakhs in Q3 FY25.

• EBITDA increased 11.5% year-over-year to INR 465 crore, with a margin of 32.1%.

• Margins moderated slightly due to higher catering and tourism mix.

• Basic and diluted EPS for Q3 FY26 stood at ₹4.93 (standalone and consolidated).

Outlook and guidance

• Confident of sustaining growth momentum, targeting 15% sustainable growth for the year.

• Expansion plans include 260 new Vande Bharat trains and 25-30% Rail Neer capacity increase in 1.5 years.

• The company is assessing the impact of new Labour Codes effective November 21, 2025, on employee benefit obligations; financial impact will be recognized once assessment is complete and rules are notified.

• Focus on enhancing digital capabilities, operational efficiency, and value-added services.