For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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.

IRCTC Surges 13% Post Strong Q3FY20 Results
 

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.

GoodReturns.in

Story first published: Thursday, February 13, 2020, 9:41 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more