IRCTC, the Indian Railway Catering and Transportation Corporation, shared its Q2FY24 results, revealing a 30.4% increase in net profit, reaching ₹294.7 crore. The company's revenue from operations for the same period grew by 23.5%, totaling ₹995.3 crore.
Despite a slight dip in EBITDA margin, the earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a positive growth of 20.2%. Notably, the catering segment showed a robust 29% rise in sales.
Additionally, IRCTC announced an interim dividend of ₹2.50 per equity share. This positive performance signals a strong quarter for the railway e-ticketing service provider.