IRCTC reports over 30% rise in Q4 profit; board announces 100% dividend

IRCTC dividend: Indian Railway Catering and Tourism Corporation (IRCTC) board has recommended a dividend of Rs 2 per equity share of Rs 2 each to the shareholders for the financial year 2022-23 on Monday. The payout translates to 100 per cent against the face value of Rs 2 per equity share. This is in addition to the interim dividend of Rs 3.50 that the company had announced in February 2023.

In an exchange filing, IRCTC said, "Recommended a Final Dividend of Rs.2/- per equity share of face value of Rs. 2/- each for the financial year 2022-23 [@100% of the paid-up share capital of Rs. 160' cr.], subject to the approval of shareholders in the forthcoming Annual General Meeting. This Final Dividend is in addition to the Interim Dividend of Rs.3.50/- per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders."

IRCTC dividend history

IRCTC has declared six dividends since the listing of its shares in October 2019.

Here's a look at its previous dividend announcements — 

IRCTC Results Q4FY23