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IRCTC Surges 13% Post Strong Q3FY20 Results
Shares of Indian Railway Catering and Tourism Corporation (IRCTC ) gained 13% in intra-day trade on Thursday recording a new high of Rs. 1596.95 per share on the BSE.
On Wednesday, the e-ticketing and catering arm of the behemoth Indian Railways announced its third quarter results of FY20 and reported a big uptick in its profit to Rs. 206 crore as against Rs. 73.6 crore in the corresponding period last year.
Revenue from operations stood at Rs. 716 crore as compared to Rs. 435 crore during the same period of the previous year.
Also the company announced an interim dividend of Rs. 10 per share.
Additionally, the company now will be starting its third private train next week named Kashi Mahakal Express that will ply between Varanasi and Indore. Other than this the private train operator is currently running 2 Tejas Express trains.
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