Indian Railway Catering And Tourism Corp Ltd (NSE:IRCTC)

Q3 2025 Indian Railway Catering and Tourism Corporation Ltd Earnings Call Transcript

Feb 11, 2025 / 11:30 AM GMT

Release Date Price: ₹750.95 (-2.94%)

Transcript

Key Points

Positve

Indian Railway Catering And Tourism Corp Ltd (BOM:542830) reported an all-time high revenue of 1,225 crore and a profit of 341 crore for Q3 FY25, indicating strong financial performance.
The catering and tourism segments were significant growth drivers, with revenue increases of 15% and 80% quarter-on-quarter, respectively.
The company's EBITDA for the quarter was 417 crore, marking a 5.83% year-on-year growth and an 11.8% increase quarter-on-quarter.
The internet ticketing segment maintained a strong market position with an 84.71% EBITDA margin, reflecting operational efficiency.
The tourism segment saw remarkable growth, driven by luxury train operations like the Maharaja Express, contributing to an 80% quarter-on-quarter revenue increase.

Negative

The internet ticketing segment experienced a slight quarter-on-quarter revenue decline of 4.65%, attributed to seasonal booking patterns.
Catering segment EBITDA margin declined to 12.19% from 12.78% quarter-on-quarter and 15.44% year-on-year, due to lower margins in the segment.
The company acknowledged limited incremental growth potential in ticket booking, as 87.42% of tickets are now booked through their portal.
The advanced booking window reduction from four months to two months could potentially impact revenue from canceled tickets.
The company's convenience fee revenue has remained flat despite rising ticket prices, indicating potential challenges in revenue growth from this stream.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INIR.NS - Indian Railway Catering and Tourism Corporation Ltd
Q3 2025 Indian Railway Catering and Tourism Corporation Ltd Earnings Call
Feb 11, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q3 and 9 months FY25 earnings conference call of IRCTC Limited, hosted by Dollar Capital. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Rahul Jan from Dollar Capital.

Thank you and over to you, sir.

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