IRCTC Dividend Alert! Miniratna PSU Stock To Trade Ex-Dividend This Week; Are You Eligible?

Indian Railway Catering & Tourism Corporation Ltd. (IRCTC), a leading Miniratna PSU under Indian Railways, has declared its second interim dividend for the financial year 2024-25. The shares of IRCTC will ex-trade this week. This announcement has generated significant interest among investors tracking IRCTC share price and its dividend history.

Key Details of IRCTC Dividend 2025

IRCTC has declared a dividend of Rs.3 per equity share with a face value of Rs. 2 each. The record date for determining eligible shareholders is February 20, 2025, while the ex-dividend date is set for February 19, 2025. As per the Companies Act, 2013, the dividend will be paid within 30 days from the date of declaration.

The company, in an exchange filing, stated, "The Board of Directors of the Company at its meeting held today, i.e., Tuesday, 11th February 2025, has declared a 2nd interim dividend at the rate of Rs. 3/- per equity share of a face value of Rs. 2 each, i.e., @150% for the Financial Year 2024-25. Additionally, the board has fixed Thursday, 20th February 2025, as the record date for the purpose of payment of the 2nd interim dividend of FY 2024-25."

Investors holding IRCTC shares before the ex-dividend date will be eligible to receive the payout. Previously, IRCTC had paid an interim dividend of Rs. 4 per share in November 2024 and a final dividend of Rs. 4 per share in August 2024 as per the data on the Bombay Stock Exchange.

IRCTC Share Performance

On February 17, IRCTC shares opened 1.80% lower at Rs.719.40. Over the past week, the stock has declined by 5.6%, closing at Rs.732.60 on Friday, February 14. In the last six months, IRCTC shares have dropped approximately 23.53%. However, in the long run, the stock has delivered gains, surging around 85.76% over the years and recording an all-time growth of 366% since its listing in 2019.

IRCTC Financial Performance in Q3FY25

Ircyct announced its financial results for the quarter ending December 31, 2024, on 11 February. IRCTC's stock price gained momentum after the company reported strong earnings.

IRCTC posted a 13.7% year-on-year (YoY) growth in net profit, rising to Rs.341 crore from ₹300 crore in the same quarter last year. The company's revenue also saw a 10% increase, reaching Rs.1,224.7 crore compared to Rs. 1,115.5 crore in Q3 of the previous year. Additionally, EBITDA grew by 5.7% to Rs.417 crore, up from ₹394 crore in the corresponding period. However, IRCTC's EBITDA margin dipped slightly, settling at 34% in Q3, down from 35.3% YoY.

Why is IRCTC Among the Best Railway Stocks?

As a Miniratna stock, IRCTC benefits from its monopoly in railway catering, online ticketing, and tourism services. It remains a top railway stock due to its steady financial growth, high dividend yields, and government backing. Investors eyeing IRCTC dividend FY25 should ensure their holdings before the IRCTC share ex-dividend date to qualify for the dividend.