IRCTC shares extend gains to second straight day ahead of Q4 results; will there be a dividend announcement?
IRCTC shares saw mild gains on Monday as investors awaited the company's quarterly results due later in the day.
Indian Railway Catering and Tourism Corporation (IRCTC) shares saw mild gains on Monday as investors awaited the company's quarterly results due later in the day. IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains.
IRCTC share price
IRCTC shares rose by as much as Rs 5.5 or 0.9 per cent to Rs 629.9 apiece on BSE, amid broad-based gains in the market.
What to expect in IRCTC Q4 results?
According to Zee Business research, IRCTC is likely to report a consolidated net profit of Rs 258.6 crore for the three-month period — which translates to an increase of 20.9 per cent on a year-on-year basis. The analysts estimate the company's revenue growth at 36.3 per cent, to Rs 942 crore, compared with the corresponding period a year ago.
IRCTC's margin — a key measure of profitability for a business — is expected at 35.72 per cent as against 40.31 per cent a year ago, according to Zee Business analysts.
IRCTC shares: Past performance
IRCTC shares finished the March quarter with a loss of 10.5 per cent, worse than a 4.1 per cent decline in the headline Nifty index.
Will IRCTC also announce a dividend?
IRCTC dividend history
Here's a glance IRCTC's dividend announcements in the recent past. The company has declared six dividends since the listing of its shares in October 2019.
Dividend announcement date | Dividend type | Dividend amount (in rupees per share) | Dividend ex-date |
February 9, 2023 | Interim | 3.5 | February 22, 2023 |
May 30, 2022 | Final | 1.5 | August 18, 2022 |
February 8, 2022 | Interim | 2 | February 17, 2022 |
June 29, 2021 | Final | 5 | September 21, 2021 |
July 10, 2020 | Final | 2.5 | October 19, 2020 |
February 12, 2020 | Interim | 10 | February 24, 2020 |
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
09:43 AM IST