IRCTC Shares Slip 0.36% on November 29; Sensex and Nifty Rebound with Gains

On November 29, IRCTC shares prices saw a slight decline of 0.36%, trading at Rs.811.45 as of 1:00 pm IST. IRCTC stocks dropped despite the broader market rebound, as equity indices Sensex and Nifty, after a brief dip in early trading hours, have bounced back and are currently up by 0.8%.

IRCTC Shares Price Today

This morning, IRCTC shares opened at Rs.814.35, reaching a high of Rs.817.45 and a low of Rs.810.05 so far. Over the past five days, the stock has been largely volatile, trading lower by about 1.61% In November, the shares have dropped by 1.64%, continuing the trend of fluctuation. Looking at a broader six-month period, IRCTC shares have seen a decline of 22%.

Year-to-date, the performance has been very unsatisfactory, with the stock initially gaining before retreating to lower levels, showing an overall loss of about 9%. However, if we consider the annual performance, the stock has seen a positive trend, with a 15% increase in share price this year. Looking at the longer-term picture, IRCTC's five-year performance has been exceptional, with the stock rising a remarkable 350%, delivering substantial value for long-term investors. Being a PSU the company has a strong position in the market and is expected to generate significant returns over time.

IRCTC Financial Report for FY25 Q2

IRCTC has shown strong and healthy growth in both revenue and profit this year. According to a CNBC report, for the quarter ending September 30, FY25, the company's total income increased to Rs.1,123 crore, with an 8.1% rise from Rs.1,039 crore in Q2 FY24. Net profit also saw a healthy growth of 4.5%, reaching Rs,307.8 crore, up from Rs.294.7 crore in the same quarter last year. The company's EBITDA for Q2 FY25 grew by a modest 1.7% year-on-year, totaling Rs.372.79 crore. Considering the strong overall Performance, operating revenue also surged by 7.2%, hitting Rs.1,064 crore compared to Rs.992.4 crore during the same period in FY24.

IRCTC In News:

Earlier this month, after the 142nd board meeting on Nov 4,Indian Railway Catering and Tourism Corporation (IRCTC) declared an interim dividend of Rs 4 per equity share for FY 2024-25. The record date for the distribution of the dividends was November 14, 2024.In its exchange filing, the company stated that this interim dividend of Rs.4 per share, based on a face value of Rs.2 per share, represents a 200% return, leading to a substantial payout of Rs.320 crore for FY 2024-25. This announcement marked the first dividend declaration for the current financial year. For comparison, last year, IRCTC had declared dividends of Rs.3.50 in February, Rs.2 in August, and Rs.2.50 in November, according to BSE data.