IRCTC Q4 FY25 Results : Net Profit Surges 26% on Tourism Boost – Key Highlights & Analysis
📝 Introduction
IRCTC (Indian Railway Catering and Tourism Corporation) reported a robust Q4 FY25 performance, driven by exceptional gains and a strong surge in its tourism segment. The company recorded a 26% YoY rise in net profit, with a stable topline and operational efficiency despite margin pressure. The market reacted positively, with shares witnessing a moderate rise post-results.
💰 Financial Highlights
- Net Profit: ₹358 crore in Q4 FY25 vs ₹284 crore in Q4 FY24 (↑ 26% YoY)
- Revenue from Operations: ₹1,269 crore vs ₹1,155 crore in Q4 FY24 (↑ 10% YoY)
- Operating Profit (EBITDA): ₹385 crore vs ₹362 crore in Q4 FY24 (↑ 6% YoY)
- Operating Profit Margin (OPM): 30% vs 31% QoQ and 31.5% YoY (↓ Margins down)
- Exceptional Gain: ₹46 crore one-time gain supported net profit
- Segmental Revenue:
- Catering: ₹529 crore (↓ 0.3% YoY)
- Rail Neer: ₹96 crore (↑ modestly)
- Internet Ticketing: ₹372 crore (↑ steadily)
- Tourism: ₹274 crore (↑ sharply)
💸 Dividend Announcement
- Dividend Declared: ₹2 per share (Final Dividend)
- Dividend Type: Final dividend recommended by the board based on FY25 results
📈 Key Financial Metrics (₹ in Cr.)
| Metric | Q4 FY25 | Q3 FY25 | Q4 FY24 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | 1,269 | 1,225 | 1,155 | 3.60% | 10% |
| Expenses | 883 | 808 | 792 | 9.30% | 11.50% |
| EBITDA / EBIT | 385 | 417 | 362 | -7.70% | 6.40% |
| PBT | 472 | 457 | 382 | 3.30% | 23.60% |
| Net Profit | 358 | 341 | 284 | 5.00% | 26% |
📊 Key Financial Ratios
| Ratio | Q4 FY25 | Q3 FY25 | Q4 FY24 | Trend |
|---|---|---|---|---|
| Operating Margin (%) | 30% | 34% | 31.50% | ↓ QoQ, ↓ YoY |
| Net Profit Margin (%) | 28.20% | 27.80% | 24.60% | ↑ QoQ, ↑ YoY |
| EPS (in ₹) | 4.48 | 4.26 | 3.55 | ↑ QoQ, ↑ YoY |
🧭 Strategic Developments
- Tourism Boom: Strong PBT growth of 163% in the tourism segment to ₹50 crore
- One-Time Gain: ₹46 crore exceptional income lifted the quarterly profit
- Operational Efficiency: Steady ticketing and Rail Neer business performance
- Capex Guidance: No major update in this quarter; expansion likely focused on digital infra
✅ Positives & Negatives
✅ Positives This Quarter
- Net profit growth of 26% YoY
- Strong performance in tourism and internet ticketing
- Exceptional gain added cushion to earnings
- Dividend payout reflects confidence
❌ Negatives / Challenges
- EBITDA margin dropped 110 bps YoY
- Flat performance in core catering revenue
- No major capex or expansion updates
📉 Market Reaction & Street View
- Stock Movement: Shares rose 3.04% post results, hitting an intraday high of ₹799
- Investor Sentiment: Positive, driven by profit beat and dividend news
- Analyst View:
- Brokerage houses like ICICI Securities and Motilal Oswal have retained a ‘Buy’ rating with revised targets in the ₹850–₹880 range
- Emphasis on growth from non-ticketing segments like tourism
🔮 Final Outlook
IRCTC’s Q4 performance demonstrates resilience and strength in its diversified revenue streams, particularly in tourism. While margin pressures persist, the net profitability growth and dividend payout reflect a positive trajectory. The company’s ability to capitalize on India’s travel boom and its tech backbone remains central to its long-term growth narrative.
🔗 External Links
For detailed financials and official updates, visit: IRCTC Official Website
⚠️ Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions. Read the Disclaimer page for more details.