Indian Railway Catering & Tourism Corporation (IRCTC) Q4 06/07 earnings summary

Executive summary

• FY07 total income reached ₹483.83 crore versus ₹287.88 crore; net profit was ₹20.22 crore versus ₹19.78 crore, with haulage charges limiting profit growth.

• Operations expanded across onboard catering, online rail reservations, tourism packages and Rail Neer packaged drinking water.

Financial highlights

• Catering income rose to ₹218.44 crore from ₹118.92 crore; package-tour income increased to ₹11.30 crore from ₹0.26 crore.

• Internet-ticketing income increased to ₹23.44 crore from ₹11.37 crore; departmental catering turnover was ₹10.18 crore versus ₹112.58 crore in the prior year.

• Interest income rose to ₹54.9 lakh from ₹4.84 lakh, attributed to higher funds; other income reached ₹9.63 lakh from ₹4.84 lakh.

Outlook and guidance

• Current-year priorities included expanding Food Plaza operations and upgrades to major food courts, ticketing infrastructure and call-centre services.

• Plans included developing a call centre for railway enquiries and value-added services through a single nationwide number, 129.