IRCTC had listed during 2019 with a bumper listing and a solid post listing performance. However, the stock had gone off the radar as its business suffered due to the COVID-19 leading to a virtual shutdown in the railways. For the Mar-20 quarter, IRCTC reported 79.3% jump in net profits at Rs.151 crore compared to Rs.84 crore in Mar-19 quarter.

The performance was less flattering on a QOQ basis as profits dipped by 26.6% on a late lockdown impact. IRCTC also reported revenues from operations during the Mar-20 quarter 18% higher at Rs.587 crore. However, the real impact may be visible in the Jun-20 quarter as that is when the real and total impact of the lockdown would be felt in the numbers.