📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-10-15 19:31
0 analysed today
FollowTelegram
0
Today
151,859
All-time analysed
43,535
Positive
6,743
Negative
92,744
Neutral
8,769
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
23 announcements match the current filters (relevance ≥ 5).
IRCTC ordered to deposit ₹50.41 Cr plus 18% interest in anti-profiteering ruling
The Goods and Services Tax Appellate Tribunal (GSTAT) has rejected IRCTC's objections and confirmed the DGAP report regarding anti-profiteering. IRCTC is directed to deposit ₹50.41 Cr along with 18% interest per annum calculated from June 28, 2019, within one month into Consumer Welfare Funds. Non-compliance within 30 days attracts an additional 10% penalty. IRCTC has stated that it is filing an appeal before a competent court of jurisdiction.
Confidence: HIGH
What changedGSTAT passed a final order on October 14, 2026, rejecting IRCTC's objections and upholding the DGAP order demanding ₹50.41 Cr plus interest.
Why it mattersWhile the base demand of ₹50.41 Cr represents ~3.6% of IRCTC's TTM PAT (₹1,392 Cr), accrued interest at 18% since 2019 adds substantial cash outflow risk if not stayed.
Profiteered amount: ₹50,41,44,461/-Interest rate: 18%Interest effective date: 28.06.2019Compliance deadline: 30 daysDemand vs TTM PAT: ~3.6% (excluding interest)
📅 Short termNegative sentiment overhang until clarity emerges on whether the appellate court grants a stay on the deposit order.
📈 Long termLimited operational impact given IRCTC's balance sheet strength and net cash position, but could require a one-off provision if the appeal fails.
⚠ Risk flags
- Substantial interest liability accumulated over 7+ years at 18% per annum
- Potential 10% penalty if deposit is delayed without judicial stay
Key Highlights
Directed to deposit ₹50,41,44,461/- in profiteered amount
Interest levied @ 18% per annum effective from 28.06.2019
Deposit mandated within 30 days, failing which a 10% additional penalty applies
Amount split 50:50 between Central and State Consumer Welfare Funds
👀 What to Watch
Monitor legal proceedings and whether IRCTC secures an interim stay from a higher court, along with any provisioning in subsequent quarterly financial results.
IRCTC Q1 FY27 Results: Revenue Grows 18% to ₹1,369 Cr, Net Profit Remains Flat at ₹330 Cr
IRCTC reported a strong 18.1% YoY growth in revenue from operations for Q1 FY27, reaching ₹1,369.53 Cr. However, Net Profit (PAT) remained stagnant at ₹329.86 Cr compared to ₹331.45 Cr in the previous year, primarily due to a 28.4% surge in total expenses. While the Catering segment saw a robust 33.9% revenue jump, the high-margin Internet Ticketing segment's profit contribution slightly declined by 4.1% YoY. The company continues to face a ₹50.41 Cr anti-profiteering claim regarding Railneer pricing, which remains pending before the GSTAT.
Confidence: HIGH
What changedThe Q1 FY27 results show a shift where volume-driven segments like Catering are growing fast, but the high-margin Ticketing segment is seeing a slight profit contraction.
Why it mattersIRCTC's valuation is anchored by its high-margin digital ticketing monopoly; any stagnation in this segment's profitability despite overall revenue growth could lead to a re-rating of the stock's P/E multiple.
Revenue (Q1 FY27) vs TTM Revenue: 26.2%Net Profit (Q1 FY27): ₹329.86 CrCatering Revenue Growth (YoY): 33.9%Internet Ticketing Segment Profit: ₹289.63 CrAnti-profiteering claim amount: ₹50.41 Cr
📅 Short termThe stock may face mild pressure as the market reacts to flat bottom-line growth and margin compression in the core ticketing business.
📈 Long termLong-term prospects depend on the successful scaling of non-ticketing businesses like the payment aggregator and Bharat Gaurav trains to offset potential saturation in ticketing margins.
⚠ Risk flags
- Margin compression in high-margin Internet Ticketing segment
- Ongoing ₹50.41 Cr anti-profiteering litigation
- Legal disputes with Railneer Developer-cum-Operators (DCOs) over Input Tax Credit
Key Highlights
Revenue from operations increased 18.1% YoY to ₹1,369.53 Cr, driven by catering and tourism.
Catering segment revenue grew 33.9% YoY to ₹732.26 Cr, though segment profit fell to ₹58.01 Cr from ₹71.80 Cr.
Internet Ticketing segment profit, the company's primary margin driver, declined 4.1% YoY to ₹289.63 Cr.
Total expenses rose significantly to ₹999.53 Cr from ₹778.62 Cr in the year-ago period.
Net Profit (PAT) for the quarter stood at ₹329.86 Cr, representing a marginal 0.5% YoY decline.
👀 What to Watch
Monitor the margin trajectory in the Internet Ticketing segment and the execution of the new payment aggregator business. Watch for the final order from GSTAT regarding the ₹50.41 Cr anti-profiteering notice.
IRCTC Q1 FY27: Revenue grows 18% to ₹1,369 Cr; Net Profit remains flat at ₹330 Cr
IRCTC reported a robust 18.1% YoY increase in revenue to ₹1,369.53 Cr for the quarter ended June 30, 2026, primarily led by a 33.9% surge in the Catering segment. However, Net Profit remained stagnant at ₹329.86 Cr compared to ₹330.45 Cr in Q1 FY26, reflecting margin pressure. The high-margin Internet Ticketing segment continues to be the profit mainstay, contributing ₹289.63 Cr (74.6%) to total segment results despite flat revenue growth in that vertical. Legal disputes regarding GST anti-profiteering (₹50.41 Cr) and Railneer ITC claims remain unresolved and under adjudication.
Confidence: HIGH
What changedIRCTC has transitioned into Q1 FY27 with strong volume growth in catering and tourism, but faces stagnant bottom-line growth as operating expenses in catering rose.
Why it mattersThe results highlight IRCTC's reliance on the Internet Ticketing segment for profitability; while other segments drive revenue, they currently operate at significantly lower margins, impacting overall PAT growth.
Revenue (Q1 FY27): ₹1,369.53 CrNet Profit (Q1 FY27): ₹329.86 CrCatering Revenue Growth (YoY): 33.9%Ticketing Segment Profit: ₹289.63 CrAnti-profiteering claim: ₹50.41 Cr
📅 Short termThe stock may see neutral to slightly cautious sentiment as the market digests the flat profit growth despite a healthy top-line beat.
📈 Long termLong-term value depends on scaling the non-ticketing businesses profitably and the successful execution of the unified travel portal and payment aggregator services.
⚠ Risk flags
- Margin compression in the Catering segment
- Stagnant revenue growth in the high-margin Internet Ticketing vertical
- Unresolved GST litigation of ₹50.41 Cr
Key Highlights
Revenue from operations increased 18.1% YoY to ₹1,369.53 Cr from ₹1,159.68 Cr.
Catering segment revenue grew 33.9% YoY to ₹732.26 Cr, though segment profit fell to ₹58.01 Cr.
Internet Ticketing segment profit stood at ₹289.63 Cr, maintaining a dominant share of total profits.
Tourism segment revenue rose 13.8% YoY to ₹168.07 Cr.
Pending GST anti-profiteering notice involves a potential liability of ₹50.41 Cr.
👀 What to Watch
Monitor the margin trends in the Catering and Internet Ticketing segments in upcoming quarters. Investors should also track the progress of the new payment aggregator business and the resolution of the ₹50.41 Cr anti-profiteering case at GSTAT.
IRCTC Leadership Change: Rahul Himalian Assumes Additional Charge as CMD Effective July 20, 2026
IRCTC has announced that Shri Sanjay Kumar Jain has ceased to be the Chairman and Managing Director (CMD) and Key Managerial Personnel effective July 20, 2026. In his place, Shri Rahul Himalian, the current Director of Tourism & Marketing, has assumed additional charge as the CMD. This transition is a follow-up to previous intimations in June and July 2026. For a company with a dominant 89.24% market share in ticketing and a high TTM PAT of Rs 1,393 Cr, leadership continuity is essential for its digital and payment aggregator expansion plans.
Confidence: HIGH
What changedThe top leadership position at IRCTC has transitioned, with the Director (Tourism & Marketing) taking on the additional responsibilities of the Chairman and Managing Director.
Why it mattersAs a PSU, IRCTC is dependent on the Ministry of Railways for board appointments; while interim charges are common, permanent leadership is critical for maintaining the high-margin (85% EBITDA) ticketing ecosystem and driving the 11% expected growth rate.
Effective Date of Change: July 20, 2026Market Share (Ticketing): 89.24%TTM Revenue: Rs 5,215 CrOperating Profit Margin: 31.9%
📅 Short termThe market is likely to view this as a routine administrative transition typical of PSUs, with minimal immediate impact on the stock price.
📈 Long termThe long-term focus remains on the company's ability to diversify revenue through its payment aggregator license and Bharat Gaurav trains under the new leadership structure.
⚠ Risk flags
- Dependency on Ministry of Railways for board appointments
- Potential for operational delays in governance during leadership transitions
Key Highlights
Shri Sanjay Kumar Jain ceased to hold the post of CMD and KMP effective July 20, 2026.
Shri Rahul Himalian (DIN: 10393348) assumed additional charge as CMD on July 20, 2026.
IRCTC maintains a dominant 89.24% market share in the online railway ticketing segment.
The company reported a TTM revenue of Rs 5,215 Cr with a high operating profit margin of 31.9%.
👀 What to Watch
Investors should monitor the Ministry of Railways' timeline for appointing a permanent CMD and observe if there are any changes in the execution of the new payment aggregator business or AI/ML integration strategies.
CMD Sanjay Kumar Jain Resigns; Rahul Himalian Appointed Interim CMD for 3 Months
IRCTC has announced the resignation of its Chairman & Managing Director (CMD), Shri Sanjay Kumar Jain, effective July 20, 2026. To ensure continuity, the Ministry of Railways has entrusted the additional charge of the CMD post to Shri Rahul Himalian, the current Director of Tourism & Marketing. This interim arrangement is for a period of three months or until further orders. This leadership change comes while the company maintains a dominant 89.24% market share in online ticketing and targets an 11% growth rate.
Confidence: HIGH
What changedThe permanent Chairman & Managing Director has resigned, and an interim leader from within the existing board has been given additional charge of the role.
Why it mattersLeadership transitions in PSUs can lead to operational delays in governance. Stability at the top is critical for IRCTC to maintain its high-margin digital ecosystem and execute its diversification into non-ticketing revenue streams.
Interim Tenure: 3 monthsEffective Date: July 20, 2026Market Share (Ticketing): 89.24%TTM Revenue: Rs 5,215 CrOperating Profit Margin: 31.9%
📅 Short termThe stock may see neutral to slightly cautious sentiment as the market awaits a permanent leadership appointment.
📈 Long termThe long-term outlook remains tied to the company's ability to leverage its ticketing moat into new areas like payment services and AI-driven travel portals, regardless of the specific individual in the CMD role.
⚠ Risk flags
- Dependency on Ministry of Railways for board appointments
- Potential for operational delays during the leadership transition
- Interim leadership may limit aggressive long-term strategic shifts
Key Highlights
Resignation of CMD Shri Sanjay Kumar Jain effective from July 20, 2026
Shri Rahul Himalian appointed as interim CMD for a period of 3 months
IRCTC maintains a dominant 89.24% market share in the reserved ticketing segment
Company reported TTM revenue of Rs 5,215 Cr and TTM PAT of Rs 1,393 Cr
EBITDA margins in the internet ticketing segment remain high at 85%
👀 What to Watch
Investors should monitor the Ministry of Railways' timeline for appointing a permanent CMD to ensure long-term strategic stability. Watch for any impact on the execution of the new payment aggregator business and the expansion of Bharat Gaurav trains.
IRCTC Appoints Rajneesh Narain as CFO and Key Managerial Personnel
IRCTC has formally appointed Shri Rajneesh Narain as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 14, 2026. Mr. Narain, who was already serving as Director (Finance) since June 15, 2026, brings over 30 years of financial experience from the coal industry, including leadership roles at Northern Coalfields and South Eastern Coalfields. This appointment ensures leadership stability for a company with a TTM revenue of ₹5,215 crore and a high operating margin of 31.9%. The transition is a standard governance procedure for the PSU, which maintains a dominant 89.24% market share in railway ticketing.
Confidence: HIGH
What changedShri Rajneesh Narain, the existing Director (Finance), has been formally designated as the Chief Financial Officer and Key Managerial Personnel of IRCTC.
Why it mattersThe CFO role is critical for managing the financial strategy of a ₹39,954 Cr market cap company, especially as it seeks to diversify into payment aggregation and AI-driven travel services.
Experience: 30+ yearsEffective Date: 14.07.2026Shares held by appointee: 100 unitsTTM Revenue: ₹5,215 CrMarket Share (Ticketing): 89.24%
📅 Short termThe appointment is unlikely to impact the stock price in the short term as it represents a formalization of an existing internal leadership role.
📈 Long termStability in the finance function is essential for IRCTC's long-term goals of scaling its non-convenience fee revenue and integrating AI/ML into its digital ecosystem.
⚠ Risk flags
- Dependency on the Ministry of Railways for board appointments
Key Highlights
Shri Rajneesh Narain appointed as CFO and KMP effective July 14, 2026
Appointee brings over 30 years of experience in accounting, taxation, and fund management
Previously served as CFO of CERL and CEWRL (subsidiaries of SECL) for 6 years
Holds 100 equity shares in the company as of the appointment date
The appointment follows his earlier induction as Director (Finance) on June 15, 2026
👀 What to Watch
Investors should monitor the upcoming quarterly results to ensure the new financial leadership maintains the company's high EBITDA margins (85% in ticketing) and successfully executes the new payment aggregator business strategy.
IRCTC Appoints Rajneesh Narain as CFO; Brings 30+ Years of Finance Experience
IRCTC has appointed Shri Rajneesh Narain as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 14, 2026. Mr. Narain, who was already serving as Director (Finance) since June 15, 2026, brings over 30 years of experience from the coal industry, including leadership roles at Coal India subsidiaries. This appointment fills a critical governance role for the company, which maintains a dominant 89.24% market share in online ticketing and reported a TTM PAT of Rs 1,393 Cr. Investors should note that the appointee has prior experience as a CFO for railway-related infrastructure projects (CERL/CEWRL).
Confidence: HIGH
What changedShri Rajneesh Narain, the existing Director (Finance), has been formally designated as the Chief Financial Officer and Key Managerial Personnel.
Why it mattersThe CFO role is vital for managing IRCTC's high-margin digital ecosystem (85% EBITDA in ticketing) and overseeing its expansion into new segments like payment aggregation and Bharat Gaurav trains.
Experience: 30+ yearsEffective Date: 14th July, 2026Shares held by appointee: 100 unitsTTM Revenue: Rs 5215 CrTTM PAT: Rs 1393 Cr
📅 Short termNeutral; the appointment provides leadership continuity and is unlikely to trigger immediate price volatility.
📈 Long termStable financial leadership is essential for IRCTC to maintain its 46% ROCE and execute its 11% expected growth strategy through digital diversification.
⚠ Risk flags
- Dependency on Ministry of Railways for board appointments
Key Highlights
Shri Rajneesh Narain appointed as CFO and KMP effective July 14, 2026
Appointee brings over 30 years of experience in accounting, taxation, and fund management
Previously served as CFO of Chhattisgarh East Railway Limited (CERL) for 6 years
Holds 100 equity shares in IRCTC as of the appointment date
The board meeting for this appointment lasted approximately 4 hours (10:00 AM to 2:05 PM)
👀 What to Watch
Watch for any shifts in capital allocation or financial strategy in upcoming quarterly results, particularly regarding the rollout of the new payment aggregator business.
IRCTC CMD Sanjay Kumar Jain Resigns Effective July 20, 2026
Shri Sanjay Kumar Jain has resigned from the post of Chairman and Managing Director (CMD) of IRCTC, effective from July 20, 2026. The resignation was approved by the Ministry of Railways, Government of India, as communicated in a letter dated June 22, 2026. The company has informed that orders for the additional charge of the CMD post will be issued by the government in due course. This transition marks a significant change in the top leadership of the state-owned monopoly.
Key Highlights
Shri Sanjay Kumar Jain to vacate the CMD position on July 20, 2026.
Resignation approved by the Competent Authority at the Ministry of Railways.
Government to issue orders for an interim additional charge for the CMD post shortly.
The announcement follows the official receipt of the government letter on June 23, 2026.
👀 What to Watch
Investors should monitor the appointment of the new CMD or interim head to assess potential shifts in strategic direction or execution stability.
IRCTC CFO Sudhir Kumar Relinquishes Charge; Ceases to be Director (Finance) and CFO
Shri Sudhir Kumar has relinquished his additional charge as Director (Finance) and ceased to be the Chief Financial Officer (CFO) of IRCTC effective June 15, 2026. This transition follows the appointment of a new incumbent to the post and his repatriation to the Railway Board as per official orders. He also ceases to be a Key Managerial Personnel (KMP) and Senior Management Personnel of the company. Such movements are standard administrative procedures within Public Sector Undertakings (PSUs).
Key Highlights
Shri Sudhir Kumar relinquished the additional charge of Director (Finance) on June 15, 2026.
He has been relieved/repatriated from the post of GGM (Finance) in compliance with Railway Board Order dated June 3, 2026.
The cessation of his role as CFO and Key Managerial Personnel is effective from June 15, 2026.
The change follows the appointment of a new permanent incumbent to the post as previously communicated on June 11, 2026.
👀 What to Watch
Investors should monitor the background and experience of the incoming Director (Finance) to ensure continuity in the company's financial management and growth strategy.
IRCTC CFO Sudhir Kumar Steps Down; Relinquishes Director (Finance) Charge on June 15, 2026
Shri Sudhir Kumar has ceased to be the Chief Financial Officer (CFO) and Senior Management Personnel of IRCTC effective June 15, 2026. This transition follows his repatriation to the Railway Board as per Order No. E(O)III-2026/PM/53 dated June 3, 2026. He also relinquished his additional charge as Director (Finance) due to the appointment of a new incumbent. The move is part of a planned administrative reshuffle within the Ministry of Railways' framework.
Key Highlights
Shri Sudhir Kumar ceased to be CFO and Senior Management Personnel effective June 15, 2026.
Relinquished additional charge of Director (Finance) following the appointment of a new incumbent communicated on June 11, 2026.
Repatriated to the Railway Board in compliance with HRD Office Order No. 69/2026 dated June 15, 2026.
The transition follows multiple Railway Board directives dating back to July 22, 2025, and November 7, 2025.
👀 What to Watch
No immediate action is required as this is a routine administrative repatriation common in PSUs. Investors should monitor for the formal profile of the new CFO to ensure continuity in financial management.
IRCTC CFO Sudhir Kumar Steps Down; Relinquishes Director (Finance) Charge
Shri Sudhir Kumar has relinquished his additional charge as Director (Finance) and ceased to be the Chief Financial Officer (CFO) of IRCTC effective June 15, 2026. This transition follows the appointment of a new incumbent to the post and his subsequent repatriation to the Railway Board. As a Key Managerial Personnel (KMP), his departure marks a shift in the company's top financial leadership. The change is in accordance with multiple Railway Board directives issued between 2025 and 2026.
Key Highlights
Shri Sudhir Kumar ceased to be the Chief Financial Officer (CFO) and Senior Management Personnel effective June 15, 2026.
Relinquished the additional charge of Director (Finance) following the appointment of a new incumbent.
Repatriation to the Railway Board was finalized via HRD Office Order No. 69/2026 dated June 15, 2026.
The transition is based on Railway Board orders dated June 11, 2026, and June 3, 2026.
👀 What to Watch
Investors should monitor the incoming CFO's background and ensure financial reporting continuity, though this appears to be a routine administrative rotation typical of PSUs.
IRCTC Appoints Rajneesh Narain as Director (Finance) with Tenure Until June 2030
The Ministry of Railways has approved the appointment of Shri Rajneesh Narain as the new Director (Finance) of IRCTC on an immediate absorption basis. Mr. Narain, who previously served as Director (Finance) at Northern Coalfields Limited (NCL), will join in the pay scale of ₹1,80,000–3,40,000 (IDA). His tenure is set to last from the date of charge assumption until his superannuation on June 30, 2030. This appointment fills a critical leadership role responsible for the company's financial strategy and oversight.
Key Highlights
Shri Rajneesh Narain appointed as Director (Finance) effective from the date of charge assumption.
The appointee's tenure is scheduled to continue until his superannuation on June 30, 2030.
The approved pay scale for the post is ₹1,80,000 – ₹3,40,000 under the IDA pattern.
Mr. Narain transitions to IRCTC from his previous role as Director (Finance) at Northern Coalfields Limited (NCL).
The appointment was formally conveyed by the Ministry of Railways via letter dated June 11, 2026.
👀 What to Watch
Investors should monitor the transition as it provides leadership stability in the finance department; however, no immediate action is required as this is a standard PSU management appointment.
IRCTC Reports Record FY26 Revenue of ₹5,215 Cr; Annual PAT Grows 6% to ₹1,393 Cr
IRCTC achieved its highest-ever annual revenue and profitability in FY26, with revenue from operations growing 11.55% YoY to ₹5,215 crores. While the internet ticketing segment remains the primary profit driver with a 76% EBITDA margin and 89% market share, the tourism and catering segments saw robust growth of 19.46% and 12.89% respectively. Quarterly EBITDA margins compressed to 27.33% due to a shift in the revenue mix toward lower-margin segments. The company declared a total dividend of ₹720 crores for the year and announced expansion plans into the hotel business and additional Rail Neer plants.
Key Highlights
Highest ever annual revenue from operations of ₹5,215 crores, up 11.55% YoY.
Internet ticketing segment maintains dominant 89% market share with 76% EBITDA margins.
Tourism segment revenue grew 19.46% YoY to ₹890 crores with a 36.17% increase in segment profit.
Total dividend for FY26 stands at ₹720 crores, including a final dividend of ₹40 crores.
Capital allocation focused on e-ticketing infrastructure, 4 new Rail Neer plants, and entry into the hotel business.
👀 What to Watch
Investors should focus on the company's ability to scale its tourism and catering segments while maintaining the high-margin ticketing moat. The shift in revenue mix may lead to lower overall EBITDA margins, but the expansion into hotels and Rail Neer provides long-term growth triggers.
IRCTC FY26 Standalone PAT Up 6% to ₹1,393 Cr; Total Dividend of ₹9/Share for FY26
IRCTC reported a steady performance for the full year FY26 with standalone revenue growing 11.5% YoY to ₹5,214.86 crore. While Q4 FY26 PAT saw a decline of 8.7% YoY to ₹326.57 crore due to higher operating expenses, the full-year profit increased by 6% to reach ₹1,393.37 crore. The board recommended a final dividend of ₹0.50 per share, bringing the total dividend for the year to ₹9.00 per share. A significant legal victory in the Supreme Court regarding catering claims has also cleared potential liabilities.
Key Highlights
Annual standalone revenue increased by 11.5% YoY to ₹5,214.86 crore in FY26.
Full-year Profit After Tax (PAT) grew 6% to ₹1,393.37 crore, despite a muted Q4 performance.
Total dividend for FY26 stands at ₹9.00 per share (450% of face value), including ₹8.50 already paid as interim dividends.
Catering segment revenue for Q4 FY26 grew 26.7% YoY to ₹670.87 crore.
Exceptional income of ₹16.78 crore recorded in FY26, primarily from Tejas Express charge reductions and provision write-backs.
👀 What to Watch
Investors should focus on the robust annual revenue growth in the catering segment and the high total dividend payout. The resolution of the long-standing catering legal dispute in IRCTC's favor by the Supreme Court is a positive development for the balance sheet.
IRCTC FY26 PAT Rises 6% to ₹1,393 Cr; Final Dividend of ₹0.50 Declared
IRCTC reported a steady financial performance for FY26, with total revenue from operations growing 11.5% YoY to ₹5,214.86 crore. The company's annual Profit After Tax (PAT) increased to ₹1,393.36 crore compared to ₹1,314.65 crore in the previous fiscal year. A final dividend of ₹0.50 per share has been recommended, taking the total dividend for FY26 to ₹9.00 per share. While annual figures show growth, Q4 FY26 PAT saw a year-on-year decline to ₹326.57 crore from ₹357.94 crore.
Key Highlights
Annual Revenue from operations grew 11.5% YoY to ₹5,214.86 crore in FY26.
Full-year Net Profit (PAT) increased by 6% to ₹1,393.36 crore.
Total dividend for FY26 reached ₹9.00 per share (450% of face value) including interim payments.
Catering segment revenue for the full year stood at ₹2,398.75 crore, up from ₹2,125.05 crore YoY.
Basic EPS for FY26 improved to ₹17.42 from ₹16.43 in FY25.
👀 What to Watch
Investors may maintain a 'Hold' position as the company provides steady dividends and consistent revenue growth, though the slight dip in quarterly PAT warrants a cautious watch on operating margins.
IRCTC Q4 FY26 Revenue Up 15% YoY to ₹1,459 Cr; Total FY26 Dividend at ₹9/Share
IRCTC reported a standalone revenue of ₹1,459.7 crore for Q4 FY26, marking a 15% increase compared to ₹1,268.5 crore in the same quarter last year. However, Standalone Profit After Tax (PAT) for the quarter declined by 8.7% YoY to ₹326.6 crore, impacted by higher catering and other operating expenses. For the full year FY26, the company achieved a total revenue of ₹5,214.9 crore and a PAT of ₹1,393.4 crore, representing growth of 11.5% and 6% respectively. The Board recommended a final dividend of ₹0.50 per share, bringing the total dividend for the fiscal year to ₹9.00 per share.
Key Highlights
Standalone Revenue for Q4 FY26 grew 15% YoY to ₹1,459.72 crore.
Full-year FY26 Standalone PAT increased by 6% to ₹1,393.37 crore compared to FY25.
Total dividend for FY26 stands at ₹9.00 per share, including two interim dividends already paid.
Catering segment revenue for Q4 FY26 rose significantly to ₹670.88 crore from ₹529.40 crore YoY.
Exceptional income of ₹16.79 crore recognized in FY26, primarily from excess provision write-backs.
👀 What to Watch
Investors should monitor the impact of rising catering expenses on margins despite strong top-line growth. The stock remains a consistent dividend play with a total payout of ₹9 per share for the fiscal year.
IRCTC FY26 Net Profit Up 6% to ₹1,393 Cr; Total Dividend Declared at ₹9 Per Share
IRCTC reported a steady performance for the full year 2025-26, with standalone revenue growing 11.5% to ₹5,214.86 crore. Annual net profit increased by 6% to ₹1,393.36 crore, although the fourth quarter saw a year-on-year profit decline of 8.7% to ₹326.57 crore. The board has recommended a final dividend of ₹0.50, bringing the total payout for the fiscal year to ₹9.00 per share. Growth was primarily supported by the catering segment, which remains a significant revenue driver.
Key Highlights
Full-year standalone revenue increased to ₹5,214.86 crore from ₹4,674.77 crore in FY25.
Annual Net Profit (PAT) grew 6% YoY to ₹1,393.36 crore for FY26.
Q4 FY26 PAT declined to ₹326.57 crore compared to ₹357.94 crore in the same quarter last year.
Total dividend for FY26 stands at ₹9.00 per share (450% of face value), including two interim dividends.
Catering segment revenue for the full year grew to ₹2,398.75 crore, up from ₹2,125.05 crore.
👀 What to Watch
Investors should focus on the steady annual growth and high dividend yield, though the Q4 margin compression warrants caution. Hold positions while monitoring the impact of new labor codes and catering license fee litigations.
IRCTC Q3 FY26: Highest Ever Revenue of ₹1,449 Cr and PAT Growth of 15.5% YoY
IRCTC reported its highest-ever quarterly revenue of ₹1,449 crores for Q3 FY26, representing an 18.2% YoY increase. Profit After Tax (PAT) grew by 15.5% YoY to ₹394 crores, supported by strong performance in Internet Ticketing and Tourism. While EBITDA margins moderated slightly to 32.1% due to a shift in revenue mix toward catering, the ticketing segment maintained a robust 85% EBITDA margin. Management highlighted a strong growth pipeline with 260 Vande Bharat trains expected and significant capacity expansion in the Rail Neer segment.
Key Highlights
Revenue from operations increased 18.2% YoY to ₹1,449 crores with PAT at ₹394 crores.
Internet Ticketing segment achieved ₹401 crores in revenue with a high EBITDA margin of 85%.
Tourism revenue grew by 29% YoY to ₹289 crores, while Catering revenue rose 19.1% to ₹661 crores.
Average daily ticket bookings reached 14.64 lakhs, with UPI transaction share rising to 50.18%.
Expansion plans include 4 new Rail Neer plants and the introduction of 260 Vande Bharat train sets.
👀 What to Watch
Investors should focus on the sustained growth in the high-margin ticketing business and the massive scalability offered by the upcoming Vande Bharat fleet. The stock remains a strong play on Indian Railways' modernization and digital adoption.
IRCTC Declares Second Interim Dividend of ₹3.50 Per Share for FY 2025-26
IRCTC has announced a second interim dividend of ₹3.50 per equity share (face value of ₹2) for the financial year 2025-26. The company has fixed February 20, 2026, as the record date to identify eligible shareholders for this payout. Tax will be deducted at source (TDS) at 10% for resident shareholders with a valid PAN, while a 20% rate applies if the PAN is not linked to Aadhaar or is unavailable. The dividend is scheduled to be paid within 30 days of the declaration date.
Key Highlights
Second interim dividend declared at ₹3.50 per equity share for FY 2025-26.
Record date for determining eligibility is set for February 20, 2026.
No TDS for resident individual shareholders if total dividend for the FY is below ₹10,000.
TDS rate of 20% will be applied for non-linked PANs or missing PAN details.
Non-resident shareholders can avail DTAA benefits by submitting required documentation by the record date.
👀 What to Watch
Investors should ensure their PAN is linked with Aadhaar and bank details are updated in their Demat accounts by February 20, 2026, to receive the dividend and avoid higher TDS.
IRCTC Declares ₹3.50 Interim Dividend; Sets February 20 as Record Date
IRCTC has declared its second interim dividend of ₹3.50 per equity share (175% of face value) for FY 2025-26. The company has fixed February 20, 2026, as the record date to determine shareholder eligibility for the payout. Alongside the dividend, the board approved Q3 FY26 results which included an exceptional income of ₹16.71 crore from charge reductions and provision reversals. Additionally, a significant legal overhang was cleared as the Supreme Court ruled in favor of IRCTC regarding a ₹74.72 crore arbitration claim by catering contractors.
Key Highlights
Declared 2nd interim dividend of ₹3.50 per share on equity shares of face value ₹2 each.
Fixed Friday, February 20, 2026, as the record date for dividend payment eligibility.
Reported exceptional income of ₹1,670.58 Lakhs for the nine months ended December 31, 2025.
Successful Supreme Court litigation outcome regarding catering service claims, resulting in no financial liability.
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date. The resolution of the catering arbitration in IRCTC's favor is a positive development that removes a potential liability from the balance sheet.
