InvestorQ : How do you view the latest quarterly results of IRCTC announced on Friday?
indhumathi Sayani made post

How do you view the latest quarterly results of IRCTC announced on Friday?

Answer
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shrinidhi Rajan answered.
3 months ago


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.