Indian Railway Catering & Tourism Corporation (IRCTC) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 achieved record operating revenue of INR 1,269 crore, up 10% year-over-year, led by internet ticketing, catering, and tourism.

• FY25 operating revenue reached INR 4,674 crore, a 9.73% annual growth, with PAT rising 18.3% to INR 1,315 crore.

• Board recommended a final dividend of INR 1 per share, totaling INR 8 per share for FY25, the highest ever at INR 640 crore.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with an unmodified audit opinion issued by the statutory auditors.

• Amendments to the Articles of Association were approved, reflecting enhanced autonomy after Navratna status.

Financial highlights

• FY25 revenue from operations: INR 4,675 crore, up 9.73% year-over-year.

• Profit before tax: INR 1,757 crore, up 17.42%; PAT: INR 1,315 crore, up 18.35%.

• Absolute EBITDA: INR 1,549.86 crore, up 5.71% year-over-year, with a margin of 33.15%.

• EPS (basic and diluted) for FY 2024-25 stood at ₹16.43 (standalone) and ₹16.44 (consolidated), up from ₹13.89 in FY 2023-24.

• Total assets as of March 31, 2025, were ₹679,934.15 lakhs (standalone) and ₹679,997.08 lakhs (consolidated).

Outlook and guidance

• Tourism revenue expected to continue strong growth, with new initiatives and government focus on tourism as a growth driver.

• Non-railway tourism, especially air packages, saw 28% growth; unified portal for hotel and air bookings planned.

• Additional rakes planned for Bharat Gaurav trains; catering business to benefit from new train launches.

• The Board recommended a final dividend, reflecting confidence in sustained profitability.