IRCTC Q3 Results Preview, Expectations: Results to be amazing, analyst Varun Dubey tells Anil Singhvi
The Q3FY22 results of the Indian Railway Catering and Tourism Corporation (IRCTC) are going to be declared tomorrow.
The Q3FY22 results of the Indian Railway Catering and Tourism Corporation (IRCTC) are going to be declared tomorrow. Meanwhile, questions on performance, the triggers for good results are rife. Varun Dubey, Senior Research Analyst at Zee Business spoke to Zee Business Managing Editor Anil Singhvi and shared his predictions.
Varun Dubey is very positive for the IRCTC results. The reason he mentioned for this positivity is the significant increase in the revenues, margins and profits of the company.
Dubey reminds that the catering business of the IRCTC holds a big margin business. However, due to covid, the facilities were strictly closed and trains were restricted. But now the trains are getting back on track with the increase in the numbers. Food and water facilities also got resumed. So, its benefits will also be added to the results. And this also becomes the reason for positive results, he added.
Varun also predicted that the revenue will be increased by 135% which means it will increase from Rs 224 crores to Rs 525 crores. The EBITDA is about to increase to 178 crores. Since the high-margin business is now running in full swing, the company will get the benefit from it.
The increase in margins will be around 7.5% - 8% - means from 42.3% to around 50%. The profit is also going to increase from Rs 78 crores to around Rs 205 crores. So, at every scale, the results of this company are going to be amazing.
For More Details Watch Full Video Here:
कल आने वाले है #IRCTC के नतीजे
Q3 में कैसे रहेंगे IRCTC के नतीजे?
IRCTC का कैसा रहेगा प्रदर्शन?
अच्छे नतीजों के लिए क्या है ट्रिगर्स?
जानिए नतीजों का अनुमान वरुण दुबे से...देखिए #ZeeBusiness LIVEhttps://t.co/QTsT7fZ0ea@VarunDubey85 @AnilSinghvi_ #ResultsOnZee pic.twitter.com/5dq9qAIJfC
— Zee Business (@ZeeBusiness) February 7, 2022
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
07:54 PM IST