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.
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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.