Indian Stock Market Update
The Indian stock market is currently facing a tough time, with widespread selling pressure across all sectors. Mid-cap and small-cap stocks are experiencing the steepest declines seen in recent years.
Good News for IRCTC Shareholders
Amidst this market downturn, there is some positive news for shareholders of IRCTC (Indian Railway Catering and Tourism Corporation). The government company has announced a second interim dividend of Rs 3 per equity share for the financial year 2024-25, representing 150 percent of the share’s face value of Rs 2. Shareholders must have their shares in their accounts by 20 February 2025 to qualify for this dividend. The company has also mentioned that dividends will be paid within 30 days of the announcement, with TDS applicable as per the Companies Act, 2013.
IRCTC’s Quarterly Financial Results
IRCTC has released its financial results for the quarter ending 31 December 2024, showing robust financial health. The total revenue for the quarter stood at Rs 1,225 crore, a 10 percent increase from Rs 1,115 crore in the same period last year. Notably, the net profit rose by 14 percent to Rs 341 crore, compared to Rs 300 crore the previous year. This performance marks one of the best financial outcomes for IRCTC to date.
Stock Performance
Despite the positive financial results, IRCTC’s share price has seen a downturn. On Thursday, the stock price fell by 1.78 percent, closing at Rs 746.05 per share. During intraday trading on Friday, it dropped more than 2 percent to Rs 731.35. By Friday, the stock was trading around Rs 734, reflecting a decline of 1.56 percent.
About IRCTC
IRCTC is a significant public sector unit under Indian Railways, responsible for ticketing, catering, and tourism services. The company is dedicated to adhering to all applicable regulations while creating value for its shareholders. IRCTC’s journey is not only about the development of Indian Railways but also about fulfilling the aspirations of millions of travelers and investors connected with it.
IRCTC Dividend & Financial Overview
| Information |
Details |
| Market Condition |
Indian stock market facing a decline; mid-cap and small-cap stocks hit hardest. |
| Company Name |
IRCTC (Indian Railway Catering and Tourism Corporation) |
| Dividend Declaration Date |
11 February 2025 |
| Dividend Amount |
Rs 3 per equity share (150% of face value Rs 2) |
| Eligibility Date |
Shareholders must hold shares by 20 February 2025 |
| Dividend Payment Timeline |
Within 30 days from the announcement |
| Quarterly Revenue (Q3 2024) |
Rs 1,225 crore (10% increase YoY) |
| Net Profit (Q3 2024) |
Rs 341 crore (14% increase YoY) |
| Current Stock Price |
Rs 734 (1.56% decline) |
| Company Operations |
Ticketing, catering, and tourism services under Indian Railways |
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