1:5 Split: Railway PSU Set To Consider Dividend On May 28, Shares Rise 3.65% Today

Miniratna status railway PSU Indian Railway Catering and Tourism Corporation Ltd share rallied 3.65% in trade today to 1026.45 per share. The PSU informed today about its upcoming meeting of Board of Directors to be held on May 28 to approve financial results and recommend final dividend, if any. The company has a market capitalisation of Rs 82,116.00 crore. IRCTC shares gave return of 3.34% in last 1-week and soared 53% in last 6-months. More details below:

IRCTC To Consider Results, Recommend Dividend, If Any: As per the BSE filing of the company of dated May 14, 2024, "the Board of Directors of the Company is scheduled to be held on Tuesday, May 28, 2024 to inter alia:

1. Consider and approve the Audited (Standalone & Consolidated) Financial Results of the Company for the quarter and year ended on March 31, 2024 after the same are reviewed by Audit Committee; and;
2. Recommend final dividend, if any, for the financial year 2023-24, subject to the approval of shareholders at the Annual General Meeting (AGM)."

IRCTC Share Performance & Return: The 52-week high price of IRCTC share on BSE is Rs 1076.35 per share (as on 02/05/2024) and 52-week low price is Rs 604.00 per share (as on 19/05/2023), respectively. IRCTC has a market capitalisation of Rs 82,116.00 crore. IRCTC shares declined over 2% in last 1-month, gained 15% year-to-date, zoomed 63% in last 1-year, and offered return of 193% in last 3-years.

IRCTC Stock Split History: Indian Railway Catering & Tourism Corporation Ltd split face value of its shares once since October 28, 2021. Indian Railway Catering and Tourism Corporation Ltd last split face value of its shares from Rs 10 to Rs 2 in 2021. IRCTC shares has traded ex-split from October 28, 2021.

IRCTC Dividend History: Indian Railway Catering and Tourism Corporation Ltd announced 8 dividends since February 24, 2020. In last 1-YEAR, IRCTC declared an equity dividend of Rs 4.50 per share. At the current share price of Rs 1026.45, IRCTC share offers a dividend yield of 0.44%.

IRCTC Financials: The company for the December quarter of FY24 declared its net profit at Rs 300 crore, up 17.4% from Rs 255.5 crore announced in the corresponding quarter of last year. Its revenue soared 21.8% on year to Rs 1,118.3 crore, according to the BSE filing dated February 13. The company's earnings before interest, tax, depreciation and amortization (EBIDTA) for the December 2023 quarter declared at Rs 394 crore, up 20.9%. EBIDTA margin arrived at 35.2% as against 35.5% YOY.

About IRCTC: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. The authorized capital of the company is 250 crores and paid up capital is 160 crores. It's registered and Corporate Office is situated at New Delhi.

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