Indian Railway Catering & Tourism Corporation (IRCTC) Q1 25/26 earnings summary

Executive summary

• Q1 FY 2026 delivered stable and profitable results, with PAT at INR 330 crore, up 7.14% year-over-year, driven by Internet ticketing, rentals, and tourism segments.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, were approved by the Board and reviewed by the Audit Committee and statutory auditors.

• Both standalone and consolidated results show continued profitability and revenue growth year-over-year.

Financial highlights

• Standalone revenue from operations for Q1 FY26 was ₹115,968.10 lakhs, up from ₹111,758.91 lakhs in Q1 FY25.

• Standalone net profit after tax for Q1 FY26 was ₹33,045.27 lakhs, compared to ₹30,767.67 lakhs in Q1 FY25.

• EBITDA stood at INR 397 crore, up 5.86% year-over-year, with margin expansion to 34.27% from 33.55% in Q1 FY 2025.

• Total revenue for the quarter was INR 1,220 crore, up 4.36% year-over-year.

• Basic and diluted EPS for the quarter stood at ₹4.13 (standalone) and ₹4.13 (consolidated).

Outlook and guidance

• Management expressed confidence in sustaining positive momentum, citing operational excellence and strategic discipline.

• Forward bookings in tourism are strong, with new circuits and additional Bharat Gaurav rake planned.

• Non-convenience fee revenue in ticketing expected to maintain double-digit growth, with new ad and OTA initiatives in pipeline.

• The company continues to operate under Indian Accounting Standards and maintains a positive outlook, with ongoing legal and regulatory matters being monitored.