IRCTC Q1 Results: Revenue rises 18%, profit remains largely flat at Rs.330 crore
New Delhi, Aug. 12 -- Indian Railway Catering and Tourism Corporation (IRCTC) announced its financial performance for the June-ending quarter today, post-market hours, reporting a consolidated net profit of 330.16 crore, marginally lower than Rs.330.71 crore in the year-ago quarter but higher than Rs.326.40 crore in the March quarter.
Sequentially, however, net profit increased 1.2% from Rs.326.40 crore in the March quarter.
Its revenue from operations of Rs.1,369.53 crore, up 18.1% year-on-year from Rs.1,159.68 crore in the same quarter last year. However, revenue declined 6.2% sequentially from Rs.1,459.72 crore in the March quarter.
The growth was led by the company's catering and tourism businesses, while internet ticketing remaine...
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