Payment aggregator license expected in 12-18 months
IRCTC received in-principle RBI approval for payment aggregator license; expects to submit papers within 6 months and receive final license in 12-18 months.
INDIANRAILWAYCTRNGNDTRSM / guidance tracker
Keep management guidance in view.
Indian Railway Ctrng · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
expansion
Adding one more Bharat Gaurav rake in FY26
IRCTC is adding one more Bharat Gaurav train rake in the current financial year to expand tourism offerings.
Golden Chariot expected 3-5 departures in FY26
IRCTC expects to run 3 to 5 departures of the Golden Chariot luxury train in FY26 under an MOU with Karnataka government.
New bottling plants in pipeline (tendering stage)
IRCTC is in the tendering process for new rail neer plants at Prayagraj, Ranchi, Bhagalpur, and Masur; expansion at Ghanapur and Ambernath approved.
15% sustainable growth target for FY26
Management targets 15% overall growth for the full year, driven by all segments.
260 Vande Bharat train sets to be introduced
Railway ministry plans to introduce 260 Vande Bharat train sets, which will boost catering revenue.
Rail Neer capacity expansion by 25-30% in 1.5 years
Four new plants sanctioned at Mysuru, Prayagraj, Bhagalpur, and Ranchi; existing plants doubling capacity.
Maintain 30% EBITDA margin
Management reiterated target of 30% EBITDA margin, with Q4 margin of 27.33% impacted by exceptional items; normalized margin would be ~30%.
Catering segment growth ~15%
Catering revenue expected to grow around 15% annually, driven by increasing passenger volumes and service enhancements.
Tourism segment growth ~20%
Tourism revenue targeted to grow around 20% annually, supported by domestic tourism demand and product mix improvement.
Rail Neer capacity expansion
Expansion of Ambernath plant from 2 lakh to 3 lakh bottles/day and Danapur plant from 1 lakh to 2 lakh bottles/day; four new plants planned at Mysore, Prayagraj, Bhagalpur, and Rajiv Burbali.