| Management target | Revenue FY27 |
|---|
| Revenue growth | 18.1% YoY growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin 28.17%; Ticketing >80%; Catering 10-12% target range. |
| Demand visibility | Strong, supported by 8% passenger growth and 89% online booking share. |
| Management confidence | High, citing resilient business model and digital stack leadership. |
Growth
Revenue grew 18.1% YoY to ₹1,370 crore. Catering revenue surged 33.82% to ₹732 crore. Internet ticketing revenue was flat at ₹361 crore.
Outlook
Targets 20 new Vande Bharat trains; expanding Rail Neer capacity; pursuing RBI Payment Aggregator license for iPay to monetize non-fare revenue.
Risks
Higher HR costs (₹20cr impact), West Asia crisis increasing resin costs for Rail Neer, and margin dilution from new catering initiatives.
Last quarter's promises, checked
Delivered
- Targeted 30% FY26 EBITDA margin → delivered 31.95% (= BEAT)
- Guided 15% catering growth → delivered 33.82% (= BEAT)
- Guided 20% tourism growth → delivered 13.5% (= MISS)
Partly delivered
- Guided 10% non-convenience fee share → delivered ongoing iPay/portal development (= PARTIAL)
Missed
- Targeted 30% quarterly margin → delivered 28.17% (= MISS)
- Guided 7% IT business growth → delivered 0.5% (= MISS)
Investor Presentation filed with BSE, NSE: IRCTC. Summary written with AI assistance from the document.
Indian Railway Catering & Tourism Corporation Ltd: key numbers
- Share price
- ₹453.65
- Market cap
- ₹36,292 Cr
- Revenue (annual)
- ₹5,215 Cr
- Net profit (annual)
- ₹1,393 Cr
- P/E (TTM)
- 26.1×Sector 34.3×
- Promoter holding
- 62.40%+0.00% QoQ
- FII holding
- 3.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Indian Railway Catering & Tourism Corporation Ltd
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Sh. Sandip Trivedi, Group General Manager/HRD, has ceased to be a Senior Management Personnel due to superannuation, effective August 31, 2026.