Macquarie remains bullish on IRCTC despite 9 consecutive months of losses; here’s why
1 day, 23 hours ago

Macquarie remains bullish on IRCTC despite 9 consecutive months of losses; here’s why

Live Mint  

Global brokerage Macquarie initiated coverage on Indian Railway Catering and Tourism Corporation with an "Outperform" rating and a target price of ₹900, indicating a potential upside of 15.5 per cent from its previous close of ₹779.55. Strong Financial Metrics The brokerage highlighted IRCTC's robust financial profile, which includes 1) An 80 per cent direct market share in railway e-ticketing; 2) Free cash flow margins of 30 per cent; 3) Returns of over 30 per cent on both invested capital and equity ; 4) Minimal capital expenditure requirements. Recent Financial Performance IRCTC reported a 4.5 per cent year-on-year increase in consolidated net profit, which stood at ₹307.9 crore for Q2FY25, compared to ₹294.7 crore in Q2FY24. Total expenses increased by 9.8 per cent YoY to ₹707.4 crore, driven by a rise in catering service costs, which surged 18.9 per cent YoY to ₹346.5 crore.

Railway Stock Crore Cent Yoy Macquarie Irctc  revenue  margins  macquarie  consecutive  losses  crore  irctcs  catering  irctc  yoy  despite  heres  stock  remains  months  cent  railway  bullish

History of this topic

Explained: Why IRCTC share price jumped up to 5% today
5 days, 7 hours ago

Explained: Why IRCTC share price jumped up to 5% today

India Today  

Shares of Indian Railway Catering and Tourism Corporation Ltd surged nearly 5% on Friday after global brokerage firm Macquarie initiated coverage on the stock with a bullish 'Buy' rating and a target price of Rs 900. The stock rose nearly 5% to hit a day’s high of Rs 800.65 on the Bombay Stock Exchange, compared to the previous close of …

IRCTC stock: Why a monopoly business cannot be a ‘Buy’ at any price
3 weeks ago

IRCTC stock: Why a monopoly business cannot be a ‘Buy’ at any price

Live Mint  

Indian Railway Catering and Tourism Corp. Ltd’s shares hit a new low for 2024 at ₹777.20 on Monday and are hovering near those levels. The stock’s lacklustre price performance over the past three years is a reminder that companies, even in monopoly businesses like IRCTC in railway ticket booking, do not see a linear rise in profit and market capitalization. …

IRCTC Share Price Today on 29-11-2024: IRCTC share price are down by -0.05%, Nifty up by 0.84%
1 month, 2 weeks ago

IRCTC Share Price Today on 29-11-2024: IRCTC share price are down by -0.05%, Nifty up by 0.84%

Live Mint  

IRCTC Share Price Today on 29-11-2024: At 29 Nov 11:27 today, IRCTC shares are trading at price ₹813.95, -0.05% down from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days …

IRCTC Share Price Today on 22-11-2024: IRCTC share price are up by 1.57%, Nifty up by 1.3%
1 month, 3 weeks ago

IRCTC Share Price Today on 22-11-2024: IRCTC share price are up by 1.57%, Nifty up by 1.3%

Live Mint  

IRCTC Share Price Today on 22-11-2024: At 22 Nov 12:49 today, IRCTC shares are trading at price ₹806.45, 1.57% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 801.89 10 820.76 20 …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month, 3 weeks ago

These companies post over 45% YoY rise in Q2 profits even as downgrades increase

Live Mint  

In its latest earnings review, Motilal Oswal Financial Services observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year decline. Hindalco: Aditya Birla Group’s Hindalco Industries Ltd reported an impressive 123.3 per cent YoY increase in net profit, reaching ₹1,891 crore for Q2 FY25, driven by robust operational performance in its …

IRCTC Share Price Today on 13-11-2024: IRCTC share price are down by -1.18%, Nifty down by -1.36%
2 months ago

IRCTC Share Price Today on 13-11-2024: IRCTC share price are down by -1.18%, Nifty down by -1.36%

Live Mint  

IRCTC Share Price Today on 13-11-2024: At 13 Nov 16:01 today, IRCTC shares are trading at price ₹801.55, -1.18% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

IRCTC Share Price Today on 12-11-2024: IRCTC share price are down by -2.9%, Nifty down by -1.07%
2 months ago

IRCTC Share Price Today on 12-11-2024: IRCTC share price are down by -2.9%, Nifty down by -1.07%

Live Mint  

IRCTC Share Price Today on 12-11-2024: At 12 Nov 16:00 today, IRCTC shares are trading at price ₹811.5, -2.9% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

IRCON International Q2 Results: Net profit rises 18% to ₹206 crore, revenue down 19% YoY
2 months, 1 week ago

IRCON International Q2 Results: Net profit rises 18% to ₹206 crore, revenue down 19% YoY

Live Mint  

IRCON International Q2 Results: IRCON International announced its January-March quarter results for fiscal 2024-25 on Thursday, November 7, reporting a rise of 18 per cent in net profit to ₹206 crore, compared to ₹250.7 crore in the corresponding period last year. The state-run engineering and construction firm's revenue from operations in the second quarter of the current fiscal dropped 19.3 …

IRCTC Q2 Results: Net profit rises 4.47% YoY to ₹307.8 crore; interim dividend of ₹4 per share declared
2 months, 1 week ago

IRCTC Q2 Results: Net profit rises 4.47% YoY to ₹307.8 crore; interim dividend of ₹4 per share declared

Live Mint  

Indian Railway Catering and Tourism Corporation Ltd announced its July to September quarter results on Monday, November 4. The company recorded a 4.47 per cent ₹307.86 crore in the second quarter of the financial year 2024-25, compared to ₹294.67 crore in the same quarter the previous year, according to the BSE filing. The Indian Railway catering operator's revenue from operations …

IRCTC Share Price Today on 04-11-2024: IRCTC share price are down by -1.89%, Nifty down by -1.27%
2 months, 1 week ago

IRCTC Share Price Today on 04-11-2024: IRCTC share price are down by -1.89%, Nifty down by -1.27%

Live Mint  

IRCTC Share Price Today on 04-11-2024: At 04 Nov 16:02 today, IRCTC shares are trading at price ₹816.2, -1.89% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

IRCTC Share Price Today on 04-11-2024: IRCTC share price are down by -1.89%, Nifty down by -1.27%
2 months, 1 week ago

IRCTC Share Price Today on 04-11-2024: IRCTC share price are down by -1.89%, Nifty down by -1.27%

Live Mint  

IRCTC Share Price Today on 04-11-2024: At 04 Nov 16:02 today, IRCTC shares are trading at price ₹816.2, -1.89% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

IRCTC Share Price Today: A Downward Trend with Key Resistance and Support Levels
2 months, 3 weeks ago

IRCTC Share Price Today: A Downward Trend with Key Resistance and Support Levels

Live Mint  

IRCTC shares are trading up by 1.56% today, with the stock price closing at ₹841.7. The company's share price has been trading below the short-term simple moving averages of 5, 10, and 20-day moving averages, indicating a downtrend. The stock has a key resistance at ₹840.43 and a key support at ₹826.9. The company has a ROE of 38.93%, a …

IRCTC is on right track to spur growth but rich valuation a hurdle
7 months, 1 week ago

IRCTC is on right track to spur growth but rich valuation a hurdle

Live Mint  

Investors in the Indian Railway Catering and Tourism Corp. Ltd are grappling with mixed emotions following the company's March quarter results. Exploring new growth avenues Catering was the primary revenue driver in FY24, but IRCTC plans to explore multiple growth avenues in FY25 and beyond. IRCTC is strategically building its Rail Neer bottling capacity, ramping production to 1.45 million bottles …

IRCTC shares surge by 13%, close at 52-week high. Check latest share price
1 year ago

IRCTC shares surge by 13%, close at 52-week high. Check latest share price

Hindustan Times  

The shares of Indian Railways Catering and Tourism Corporation surged by nearly 13 per cent to hit a 52-week high of ₹888 on Monday. In November, IRCTC had reported 30.36 per cent rise in net profit at ₹294.67 crore for September quarter. IRCTC's total revenue increased 23.51 per cent to ₹995.31 crore in comparison to ₹805.80 crore in Q2FY23. IRCTC …

IRCTC share price hits 52-week high. Experts see more upside
1 year, 1 month ago

IRCTC share price hits 52-week high. Experts see more upside

Live Mint  

Stock market today: Extending the bull trend for fourth straight session, Indian Railway Catering and Tourism Corporation or IRCTC share price today finally touched a new 52-week high of ₹799.95 apiece on NSE during morning deals. IRCTC share price today opened upside at ₹799.95 per share levels, which turned out its new 52-week high as the stock corrected from its …

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?
1 year, 1 month ago

IRCTC share price rebounds after retracing from 52-week high. Buy, sell or wait?

Live Mint  

IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation opened higher on Monday at ₹750.65 against the closing price of ₹749.55 on Friday. Triggers for IRCTC share price “IRCTC shares present a compelling opportunity for long-term investors, given the company's dominant position in the online ticket booking sector. "While the COVID-19 pandemic posed challenges, IRCTC pivoted its business …

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?
1 year, 11 months ago

IRCTC share price: Experts give buy tag after strong Q3 results. Should you buy?

Live Mint  

Indian Railway Catering and Tourism Corporation or IRCTC share price ended higher on Thursday after strong Q3 results for October to December 2022 quarter. According to stock market experts, IRCTC shares are expected to come out of the base building mode and it may go up to ₹750 apiece levels in medium term. On what IRCTC shares' chart pattern suggests …

IRCTC Q3 profit jumps to ₹256 cr, declares interim dividend
1 year, 11 months ago

IRCTC Q3 profit jumps to ₹256 cr, declares interim dividend

Live Mint  

IRCTC, the tourism and ticketing arm of Indian Railways, on Thursday reported a consolidated net profit of ₹256 crore for the December quarter, up 22.8% from ₹208 crore reported in the last year period. Segment-wise, the revenue from catering segment surged 275% YoY to ₹394 crore as against ₹105 crore in the December quarter of last fiscal. Revenues from the …

What can put IRCTC stock on growth path
2 years, 4 months ago

What can put IRCTC stock on growth path

Live Mint  

State-owned Indian Railway Catering and Tourism Corp. Ltd’s earnings for the June quarter were a mixed bag. How Sapient Wealth’s Amit Bivalkar aced 14% returns How NBFCs are wooing students heading abroad Rich-poor gap shows up in smartphone sales as well “Ticketing volumes will be keenly watched in the near-term as reversal of the 2S sitting class to the unreserved …

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?
2 years, 10 months ago

IRCTC: Profit Jumps Nearly 3-Folds, Food Makes a Comeback, Time to Invest in IRCTC Stocks?

News 18  

Indian Railway Catering and Tourism Corporation continued to show meaningful sequential improvement in revenue and profitability led by easing of covid curbs and vaccination. Neha Khanna, director, ValPro, said: “The steep surge in net profit is mainly led by contribution from all the segments and low base of last year.” The company’s board has declared an interim dividend of Rs …

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap
3 years, 2 months ago

IRCTC: The incredible govt move that burned ₹ 18,000 crore in market cap

Live Mint  

When the stock market opened today morning, the Indian Railways Catering and Tourism Corp share price fell by 25% to ₹685.35. In 2020-21, when earnings were badly impacted due to the Covid pandemic, IRCTC still made ₹299 crore from convenience fee on railway tickets or around 38.2% of gross revenue from operations, which in turn stood at ₹783 crore. Looking …

IRCTC shares soar over 9% to Rs 1,326.45 to hit fresh peak in early trade ahead of Union Budget 2020
4 years, 11 months ago

IRCTC shares soar over 9% to Rs 1,326.45 to hit fresh peak in early trade ahead of Union Budget 2020

Firstpost  

In October last year, IRCTC had made a blockbuster stock market debut with its shares zoomed over 101 percent to Rs 680 per share against the issue price of Rs 320. The Indian Railway Catering and Tourism Corporation shares jumped nine percent to hit fresh peak in eary trade on Saturday ahead of the presentation of the Union Budget 2020. …

IRB Infra faces headwinds even as robust execution supports revenue growth
5 years, 2 months ago

IRB Infra faces headwinds even as robust execution supports revenue growth

Live Mint  

Mumbai: In spite of an overall performance beat during the September quarter, road construction firm IRB Infrastructure Developers Ltd is facing a host of challenges. IRB’s 22.3% jump in net revenue from the year-ago period came mainly from the engineering, procurement, construction segment that soared 42%. The firm is yet to get the appointed date to kickstart two road projects …

IRCTC share prices hit new high today after blockbuster debut
5 years, 3 months ago

IRCTC share prices hit new high today after blockbuster debut

Live Mint  

Shares of IRCTC, which made a bumper debut on exchanges on Monday, moved higher today before seeing some profit-taking. IRCTC shares had closed 127% higher on Monday as compared to its issue price of ₹320, the biggest stock market debut for any company in nearly two years. Besides online ticketing, IRCTC also operates a catering service and sells packaged drinking …

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