Indian Railway Catering & Tourism Corporation (IRCTC) investor relations material

Executive summary

• Achieved highest ever quarterly revenue and profitability, reflecting robust performance across all business segments and strong operational execution.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and published, with a limited review by statutory auditors.

• PAT reached INR 394 crore, up 15.5% year-over-year, with EBITDA at INR 465 crore, up 11.5% year-over-year.

• A 2nd interim dividend of ₹3.50 per share (face value ₹2) was declared for FY 2025-26, with a record date of February 20, 2026.

• Digital capabilities and citizen-centric business model continue to drive growth and customer engagement.

Financial highlights

• Standalone revenue from operations for Q3 FY26 was ₹144,947.25 lakhs, up from ₹114,599.01 lakhs in Q3 FY25; nine-month revenue was ₹375,514.36 lakhs, up from ₹340,624.11 lakhs year-over-year.

• PAT: INR 394 crore, up 15.5% year-over-year.

• EBITDA: INR 465 crore, up 11.5% year-over-year; EBITDA margin at 32.1%.

• Basic and diluted EPS for Q3 FY26 stood at ₹4.93 (standalone and consolidated); nine-month EPS was ₹13.33 (standalone) and ₹13.34 (consolidated).

• Convenience revenue: INR 251 crore; non-convenience revenue: INR 150 crore.

Outlook and guidance

• Confident of sustaining growth momentum, targeting 15% sustainable growth for the year.

• Expansion in catering expected as 260 Vande Bharat train sets are introduced over the next few years.

• Rail Neer capacity to increase by 25-30% in 1.5 years with new plants and plant expansions.

• The company is assessing the impact of new Labour Codes effective November 21, 2025, on employee benefit obligations; financial impact will be recognized once assessment is complete and rules are notified.