Indian Railway Catering & Tourism Corporation (IRCTC) Q2 25/26 earnings summary

Executive summary

• Q2 FY2026 delivered stable and profitable results, with profit after tax at INR 342 crores, up 11.04% year-over-year.

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025 were approved, showing continued revenue and profit growth year-over-year.

• Interim dividend of ₹5 per share (250% of face value) declared for FY 2025-26, with record date set as 21st November 2025.

• No material impact from recent arbitration and legal matters; Supreme Court ruled in favor of the company in a major catering contract dispute.

• Growth was broad-based across internet ticketing, catering, and tourism, supported by operational efficiency and cost management.

Financial highlights

• Standalone revenue from operations for Q2 FY26: ₹114,599.01 lakhs, up from ₹106,399.61 lakhs in Q2 FY25.

• Standalone net profit after tax for Q2 FY26: ₹34,185.57 lakhs, up from ₹30,781.80 lakhs in Q2 FY25.

• EBITDA rose to INR 404 crores, up 8.31% year-over-year, with an EBITDA margin of 35.25%.

• Exceptional income of ₹580.49 lakhs recognized in Q2 FY26 due to reduction in charges for Tejas Express trains.

• Total revenue stood at INR 1,209 crores, a 7.5% increase from the previous year.

Outlook and guidance

• Focus remains on strengthening the digital ecosystem, expanding new-age offerings, and leveraging technology for customer experience and scalability.

• Confident in sustaining business growth in coming quarters, supported by financial strength and efficient operations.

• Management continues to monitor regulatory and legal developments, including GST and license fee disputes, with no immediate financial impact expected.