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IRCTC zooms on reporting 2- fold jump in Q3 net profit

13 Feb 2020 Evaluate

Indian Railway Catering and Tourism Corporation is currently trading at Rs. 1590.70, up by 171.75 points or 12.10 % from its previous closing of Rs. 1418.95 on the BSE.

The scrip opened at Rs. 1585.00 and has touched a high and low of Rs. 1609.30 and Rs. 1514.90 respectively. So far 497555 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,609.30 on 13-Feb-2020 and a 52 week low of Rs. 625.00 on 14-Oct-2019.

Last one week high and low of the scrip stood at Rs. 1609.30 and Rs. 1350.05 respectively. The current market cap of the company is Rs. 25417.60 crore.

The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 7.10% and 5.49% respectively.

Indian Railway Catering and Tourism Corporation (IRCTC) has reported results for third quarter ended December 31, 2019.

The company has reported over 2- fold jump in its net profit at Rs 205.80 crore for the quarter under review as compared to Rs 73.60 crore for the same quarter in the previous year. Total income of the company increased by 61.92% at Rs 734.98 crore for Q3FY20 as compared Rs 453.92 crore for the corresponding quarter previous year.

IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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