Indian Railway Catering & Tourism Corporation Q2 Results Live: Profit Rise by 4.48% YOY

Indian Railway Catering & Tourism Corporation Q2 Results Live : Indian Railway Catering & Tourism Corporation (IRCTC) declared their Q2 results on 04 Nov, 2024, revealing a topline increase of 6.9% and a profit rise of 4.48% year-on-year. However, when compared to the previous quarter, the revenue showed a decline of 5.01%, with only a marginal profit increase of 0.05%.

The financial report also highlighted a rise in selling, general, and administrative expenses, which increased by 3.28% quarter-over-quarter and surged by 20.48% year-on-year. This increase in costs has raised concerns regarding the company's operational efficiency moving forward.

Despite these challenges, the operating income saw a slight decrease of 0.98% quarter-over-quarter while managing to increase by 2.02% year-over-year. The Earnings Per Share (EPS) for Q2 stood at ₹3.85, reflecting a 4.52% increase year-over-year, suggesting that the company remains profitable amid operational headwinds.

IRCTC has experienced notable volatility in its stock performance, delivering a -0.59% return in the past week, -20.15% over the last six months, and a -8.03% year-to-date return. The current market capitalization stands at ₹65,296 Crore, with a 52-week high of ₹1,138.9 and a low of ₹664.4.

As of 05 Nov, 2024, market sentiment appears bearish, with out of 5 analysts covering the company, 2 have issued a Strong Sell rating, 1 has rated it as Sell, 1 as Hold, and only 1 analyst has given a Strong Buy rating. The consensus recommendation has shifted to Sell, reflecting concerns over the company's recent performance.