🚆 IRCTC Q4 FY25 Results: Stable Growth with Focus on Core Segments | Dividend Declared

Indian Railway Catering and Tourism Corporation (IRCTC), a Navratna PSU under the Ministry of Railways, has announced its audited results for Q4 and FY25. The company continues to demonstrate consistent growth driven by its core verticals—Catering, Railneer, Tourism, and Internet Ticketing.

🔍 Key Highlights (Q4 FY25 & FY25)

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  ✅ Revenue (FY25): ₹4,90,385 Cr | YoY Growth: +10.8%

  
  


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  ✅ Net Profit (FY25): ₹1,31,490 Cr | YoY Growth: +18.3%

  
  


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  ✅ EPS (FY25): ₹16.44 vs ₹13.89 in FY24

  
  


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  ✅ Dividend: ₹8.00/share total for FY25 (Final ₹1.00 + Interims ₹7.00)

  
  


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  📈 Exceptional Gain: ₹47.89 Cr due to reconciliations and write-backs

  
  


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  📊 CMP PE Ratio (₹776): ~47.2x

  
  


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  💰 ICR: ~7.79 (strong interest coverage)

  
  

📦 Volume & Segmental Growth (Q4 FY25 & FY25)

Note: Segment-level profitability includes exceptional income contribution in Catering and Tourism verticals.

📊 Consolidated Income Statement Analysis

📘 Balance Sheet Snapshot

Key Ratios (FY25):

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  Debt to Equity: Nil (Debt-free company)

  
  


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  Current Ratio: ~1.45

  
  


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  PBV (CMP ₹776): ~2.21x

  
  


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  Trade Receivables to Sales: ~37%

  
  

💸 Cash Flow Analysis (₹ Cr)

Free Cash Flow Indicator:

IRCTC continues to generate strong operational cash flow but higher dividend payout and capex reduced net cash position YoY.

🔮 Outlook: Near-Term & Long-Term

🔄 Near-Term:

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  Continued traction in online ticketing and tourism post-pandemic.

  
  


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  Arbitration and tax matters may create short-term uncertainties.

  
  

🚀 Long-Term:

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  Structural monopoly in online railway ticketing.

  
  


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  Scale-up in Railneer, tourism, and catering to boost diversified growth.

  
  


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  Scope for operating leverage, given strong asset-light business model.

  
  

📢 Disclosures

This report is for educational and informational purposes only. It is not an investment advisory or recommendation. Kindly conduct your due diligence or consult your financial advisor before investing.