State-run Indian Railway Catering and Tourism Corporation (IRCTC) today posted a net profit of Rs 103.78 cr for the quarter ended 31 March 2021 versus Rs 135 cr profit during the same period in FY20. This net profit or Profit After Tax (PAT) was down by almost 22 per cent on the year-on-year basis. However, there was a 33 per cent quarter-on-quarter (QoQ) jump during the reporting quarter as against Q3FY21 quarter at Rs 78 cr.

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Meanwhile total revenues in Q4FY21 stood at Rs 358.25 cr versus Rs 595.70 cr in Q4FY20, IRCTC report in its filing to the exchanges. The YoY revenues were down by almost 40 per cent for the quarter ended Mach 2021. The total income stood at Rs 245.23 cr in Q3FY21.

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The revenues from operations were at Rs 338 cr for the reporting quarter versus Rs 575 cr for Q4 FY20 and Rs 224 cr for Q3FY21.

The company said that the results for this quarter were prepared in view of the existing Covid-19 situation which were responsible for a lower operating turnover.

IRCTC has also recommended a Final Dividend of Rs 5 per equity share of face value of Rs 10 each for the financial year 2020-21 at 50 per cent of the paid-up share capital of Rs. 160 cr, subject to the approval of shareholders in the forthcoming Annual General Meeting, the company said in its exchange filing.

Key highlights here:

The total expenses in Q4FY21 stood at Rs 216 cr versus 140 cr in Q3FY20 and Rs 647 cr in Q4FY20
Profit Before Tax stood at Rs 139 cr in Q4FY21versus 104 cr in Q3FY20 and Rs 647 cr in Q4FY20  

The stocks of IRCTC today ended at Rs 2068 on the NSE, down by almost 0.5 per cent or over Rs 9 from the previous closing price on Monday.