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IRCTC Q3 Net-profit plunges 62% to ₹78 crore

IRCTC DEC 2020 RESULTS

IRCTC reported 62% decline in net profit at ₹78 crore for the quarter ending 31 December, 2020. This is due to the corona pandemic kept most of the national transporter’s operations shut.  It was specifically ₹206 crore in the year-ago period.

(in Cr.) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 FY 19-20
Income Statement
Revenue 224.37 88.56 131.33 586.89 715.98 2,275.48
Other Income 20.86 20.17 25.15 19.94 19 78.05
Total Income 245.23 108.73 156.48 606.83 734.98 2,353.54
Expenditure -131.2 -53.11 -176.86 -387.46 -452.29 -1,568.25
Interest -1.4 -1.33 -1.68 -2.87 -1.99 -7.27
PBDT 114.01 55.62 -20.38 219.37 282.69 785.29
Depreciation -9.62 -8.94 -9 -10.39 -12.27 -39.94
PBT 104.39 46.68 -29.38 208.98 270.42 745.35
Tax -26.3 -14.05 4.78 -58.37 -64.62 -216.78
Net Profit 78.09 32.64 -24.6 150.61 205.8 528.57
Equity 160.00 160 160 160.00 160 160
EPS 4.88 2.04 -1.54 9.41 12.86 33.04
CEPS 5.48 2.6 -0.98 10.06 13.63 35.53
OPM % 50.81 62.8 -15.52 37.38 39.48 34.51
NPM % 34.8 36.85 -18.73 25.66 28.74 23.23

 

Significantly, revenue from all operations fell 69% to ₹224 crore from ₹716 crore in December 2019. However, the revenue rose 151% from ₹88.5 crore in September 2019.

Additionally, revenue from catering dip 82% to ₹49 crore from ₹269 crore a year ago. Moreover, the revenue from (internet) ticketing witnessed a 37% dip at ₹143 crore.

On Thursday, the company’s scrip on NSE closed 1.37% higher at ₹1,458. Furthermore, EPS plunged to 4.88 from 12.86 ( Dec-2019) of the previous year.

 

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