Indian Railway Catering and Tourism Corporation of India i.e. IRCTC has released its second quarter results. The company's profit has seen an increase of more than 4 percent compared to last year. At the same time, income has seen an increase of more than 7 percent on a year-on-year basis. There has been an increase of about 2 percent in EBITDA. However, EBITDA margin has declined compared to last year. The company has released its quarterly results after the market closed on Monday. The stock closed at 816 with a decline of 1.9 percent in the day's session.
Dividend announced
The company has also announced dividend along with the results. The company has announced an interim dividend of Rs 4 per share for the financial year 2024-25 to its investors. The company will distribute a total of Rs 320 crore as dividend to the investors. Along with this, the company has declared Thursday, November 14, 2024 as the record date for payment of dividend. How were the quarterly results? During the quarter, the company's profit increased from Rs 294.7 crore to Rs 307.8 crore. It has increased by 4.5 percent compared to last year. At the same time, income has increased from Rs 992.4 crore to Rs 1,064 crore, registering a growth of 7.2 percent on a year-on-year basis. EBITDA has increased from Rs 366.5 crore to Rs 372.9 crore. At the same time, EBITDA margin has come down from 36.9 percent to 35 percent.
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