IRCTC shares to trade ex-dividend soon; here is all you need to know

IRCTC dividend record date 2023: Indian Railway Catering and Tourism Corporation (IRCTC) shares are set to trade ex-dividend on Friday, November 17. Last week, IRCTC, the only firm authorised by the Indian Railways to manage food services onboard trains and offer online railway ticket booking services, announced an interim dividend of Rs 2.5 per share.  The latest IRCTC dividend, amounting to Rs 160 crore, is a 125 per cent payout given its face value of Rs 2 per share.  

IRCTC dividend record date 2023

The railway PSU, which provides ticketing, catering, and tourism services for the Indian Railways, earlier fixed November 17 as the record date for the purpose of payment of interim dividend. A record date is a date that determines the shareholders eligible to benefit from corporate action such as a dividend.  

IRCTC dividend history

Source: NSE

IRCTC Q2 results 

State-run IRCTC reported a 30.36 per cent year-on-year rise in net profit to Rs 294.67 crore for the quarter ended September 30, 2023. Its revenue grew 23.51 per cent to Rs 995.31 crore according to a regulatory filing.  

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