IRCTC Q2 Results: Net profit falls 23% as Rail Neer swings to loss, catering profit declines

Detailed summary

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose marginally by 1% to ₹408 crore from ₹404 crore a year earlier. However, the EBITDA margin contracted to 30.6% in the September quarter from 35.2% in the corresponding quarter last year.

Railway PSU Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Thursday (November 12) reported a 22.9% year-on-year decline in net profit to ₹263.6 crore for the second quarter of FY27, compared with ₹342 crore in the corresponding quarter last year.

Revenue from operations increased 16.3% to ₹1,333.1 crore from ₹1,146 crore in the year-ago period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose marginally by 1% to ₹408 crore from ₹404 crore a year earlier. However, the EBITDA margin contracted to 30.6% in the September quarter from 35.2% in the corresponding quarter last year.

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Catering revenue increased 26.05% year-on-year to ₹655.01 crore in the September quarter from ₹519.66 crore a year earlier. Revenue from Rail Neer rose 7.5% to ₹101.11 crore from ₹94.06 crore. Internet ticketing revenue edged up 1.01% to ₹389.77 crore from ₹385.88 crore, while tourism revenue increased 28.42% to ₹192.03 crore from ₹149.53 crore.

However, the Rail Neer segment swung to a loss of ₹106.12 crore in the September quarter from a profit of ₹8.68 crore in the corresponding quarter last year.

Catering segment profit declined 3.7% to ₹64.48 crore from ₹66.96 crore, while internet ticketing profit rose 0.54% to ₹328.56 crore from ₹326.78 crore. Tourism segment profit increased 31.44% to ₹13.42 crore from ₹10.21 crore.

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For the half year ended September 30, 2026, IRCTC reported a consolidated net profit of ₹593.72 crore, down 11.7% from ₹672.73 crore in the corresponding period last year. Revenue from operations increased 17.2% to ₹2,702.60 crore from ₹2,305.67 crore.

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