Indian Railway Catering & Tourism Corporation (IRCTC) Q4 07/08 earnings summary

Executive summary

• Total income rose to ₹527.66 crore from ₹433.54 crore; net profit was ₹20.75 crore versus ₹20.23 crore, with profit constrained by ₹30 crore in haulage charges and ₹24.15 crore in pay-related provisions.

• Internet ticketing and licensee catering expanded, while tourism income declined amid revised Railway Board charter policies.

Financial highlights

• Total income: ₹527.66 crore vs ₹433.54 crore; PBT: ₹33.26 crore vs ₹30 crore; PAT: ₹20.75 crore vs ₹20.23 crore.

• EPS increased to ₹10.37 from ₹10.11; sales from Railneer plants, excluding excise duty, rose to ₹11 crore from ₹8.03 crore.

• Interest income increased to ₹10.60 crore from ₹5.25 crore, while other income fell to ₹8.55 crore from ₹9.84 crore.

• Net worth rose to ₹78.85 crore from ₹62.96 crore; reserves and surplus stood at ₹58.85 crore.

Outlook and guidance

• Planned initiatives include a luxury tourist train, tourism and catering tie-ups, hotel content for the tourism portal, and further rail-tour package development.

• Plans include expanding existing Railneer plants, building new plants near Mumbai and Chennai, modernizing kitchens and pantry cars, and replacing old stalls with modular designs.