New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC) IRCTC share price closed at Rs 807.85 on November 22, 2024. The stock has gained around 15 per cent in the last one year. Let’s see what stock market expert Arun Mantri has to say on IRCTC share.
Commenting on IRCTC share, the market expert projcected the Railway PSU stock to gain in near future after the recent decline which occurred due to market correction. In view of the positive sentiments in the domestic market last week, Mantri said the recent change in the sentiments will benefit the PSU counters.
IRCTC Q2 Results 2024-25
In its second quarter results for FY25, IRCTC posted 4 per cent growth in its consolidated net profit to Rs 308 crore as against Rs 295 crore in the Q2 of 2023-24. The state-run firm which manages the ticketing and catering for Indian Railways, reported a 7 per cent jump in its consolidated revenue from operations which stood at Rs 1,064. It was Rs 992 crore posted in the July-September quarter of the previous financial year.
IRCTC informed the exchanges that its board finalised a dividend of Rs 4 per share. “The board declared an Interim Dividend of Rs 4 per share on equity shares of face value of Rs 2 each for FY25 (i.e. 200% of the paid-up share capital amounting to Rs 320 crore),” IRCTC stated in its stock exchange filing.
IRCTC EBITDA for the July-September quarter of 2024-25 was recorded at Rs 372.79 crore in. It was Rs 366.54 crore in Q2FY24. EBTIDA margin of the company remained at 35 per cent, lower 190 bps Year on Year from 36.9 per cent in the second quarter of 2023-24.
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IRCTC share price: Stock Market expert Arun Mantri predicted IRCTC stock to gain as the market sentiments are on the positive side. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
