Q1 2025 Indian Railway Catering and Tourism Corporation Ltd Earnings Call Transcript
Key Points
- Indian Railway Catering And Tourism Corp Ltd (BOM:542830) reported an all-time high profit of INR 308 crore for Q1 FY 2025, representing an 8.2% growth quarter-on-quarter and a 32.5% increase year-on-year.
- The EBITDA for the quarter rose to INR 375 crore, marking a 9.32% growth year-on-year and a 3.38% increase quarter-on-quarter, with an improved EBITDA margin of 33.47%.
- The catering segment saw a significant profit increase of 68% quarter-on-quarter, highlighting strong demand and operational efficiency.
- The internet ticketing segment demonstrated resilience with a 13.4% year-over-year revenue growth, despite nearing saturation with 84% of tickets booked through the portal.
- The company has been upgraded to a Schedule A company by the Government of India, which is expected to strengthen its organizational structure and support future growth.
- The tourism segment saw a decrease in revenue, with a 38.1% decline quarter-on-quarter and a 12.4% drop year-on-year.
- Advertisement income from sources other than Google and Facebook decreased by INR 12 crore compared to the last quarter, impacting non-convenience fee revenue.
- The catering segment's EBITDA margin moderated to 13.94% from 14.61% year-over-year, indicating some pressure on margins.
- The company faces seasonal volatility in its business segments, particularly in catering and internet ticketing, which can impact quarterly performance.
- Pending legal cases regarding previous tariff hikes remain unresolved, adding uncertainty to future financial outcomes.
Ladies and gentlemen, good day, and welcome to the Indian Railway catering and tourism Corporation Limited Conference Call hosted by now. (Operator Instructions)
I now hand the conference over to Mr. Rahul Jain from Dolat Capital. Thank you, and over to you, sir.
Thank you. Good morning, everyone. On behalf of Dolat Capital, we welcome you all to the Q1 FY 2025 conference call of IRCTC Limited, and I take this opportunity to welcome the management of IRCTC. represented by Mr. Sanjay Kumar Jain, who is the MD of the company and is also and you also have along with other directors of the respective department over to you, Sanjay, for taking the proceeding ahead.
Thanks, Rahul, and good morning, everyone, and a warm welcome to IRCTC earning call for the quarter ended June 30th, 2024. At the outset, I'm pleased to share with you all that your company
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