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Home STOCKS IRCTC Q4 effects: Net profit jumps 79% to Rs 150.6 crore announces...

IRCTC Q4 effects: Net profit jumps 79% to Rs 150.6 crore announces dividend of Rs 2.50 per share

Mumbai: Condition-operate Indian Railway Catering & Tourism Company (IRCTC) on Friday described a 79.3 for every cent soar in its March quarter net profit from a year in the past.
The enterprise noted a net profit of Rs 150.6 crore, in comparison with Rs 84 crore a calendar year in the past.
Nonetheless, its net profit in the quarter finished March, dropped 26.9 for every cent sequentially from the quarter finished in December 2019, when it noted a net profit of Rs 205.80 crore, very likely damage by the coronavirus-induced nationwide lockdown which was imposed in late March.
The company’s revenue from operations came in at Rs 586.89 crore, up 17.9 for every cent from Rs 497.74 crore a 12 months in the past.
Sequentially, revenues from functions dropped 18 for each cent from Rs 715.98 in the quarter finished December 2019.
IRCTC also announced a closing dividend of Rs 2.50 per share.
In advance of the announcement, IRCTC shares closed 1.14 for every cent higher at Rs 1,401.15 on the BSE, though benchmark Sensex dropped .39 for each cent to close at 36,594.33 details.

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