Q1-FY24 · Seema Kumar
Q1 FY 2024 has been a landmark year for the IRCTC, with the revenues crossing the INR 1,000 quarterly mark for the first time since the inception of this company.
Indian Railway Catering And Tourism Corporation · tone and specificity signals across the available quarters.
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Q1 FY 2024 has been a landmark year for the IRCTC, with the revenues crossing the INR 1,000 quarterly mark for the first time since the inception of this company.
We are not seeking any waiver. We have requested ministry to reconsider so that these re-revised charges should be made applicable only from the future date, not from the retrospective effect.
Currently, we are having a profit of around 80% profit in e-ticketing. There is no basis for increasing further this convenience fee and putting onto the Indian Railways passenger burden.
I am pleased to report that Q1 FY 2025 has been another exceptional quarter for our company, with an all-time high profit of INR 308 crore.
If you see the comparison of quarter one 2024 with quarter one of 2025, there is an increase of around 35% in average meals per day booked, and 40.1%, 9% is a revenue growth on quarter-over-quarter basis.
We are trying our best to, like, improve this further, because as you add the numbers of tickets, which is happening, so the interest of, like, your, customers, your bankers, and, treasuries improve.
Our EBITDA margin also expanded to 34.27% compared to 33.55% in Q1 FY 2025, reflecting continued emphasis on cost optimization and better revenue mix management.
In non-convenience fee, we on a year-on-year basis, in this quarter, we have grew by 17%. Any double-digit figure in this, to my knowledge, is a good one, but we are not satisfied.
We are already planning to float a tender for like a sole tendering rights for advertisement, wherein we'll be using artificial intelligence to get the ad and to get the cross-selling also.
Net profit is the highest ever profit registered by the company in the history of IRCTC in this quarter.
We are looking forward to do much, much better because of coming festive season and also tremendous efforts we are making in all the segments.
We are right now in the process of realigning our operating expenditure contracts.
We believe in increasing our volume because in most of the sectors, we are known for our delivery at affordable prices, be it our tourism product, be it our catering products.
This business appears to me as one of the future leading businesses for IRCTC.
This year will be touching, I think, highest ever booking on Maharaja Express.
The company achieved a remarkable milestone, with the operating revenue reaching to INR 1,118 crores, marking its highest ever quarterly revenue.
The net profit also is the highest profit registered in the history of IRCTC.
We should not restrict ourselves in such a conservative type of thinking.
This quarter, we have done more than a lakh orders, meals per day. So if you compare our year-on-year basis, last year, it was 61,000 meals per day. This quarter, we have done 125,000 meals per day.
I don't find any reason why margin will not be either the same level or improve further.
We are already making a margin of 84%-85%. How much more margin you want to extract from a passenger?
Q3 FY 2026 stood out to be extremely encouraging, with the highest ever revenue and profitability in the company's history.
Increase in Vande Bharat trains, as I told that 260 Vande Bharat train sets are getting introduced, so that business is more good for our company, rather better for our company.
Even if we are able to, like, capture some of the, value-added services, services to our customer, this is a very good business proposition for us.
Your company has achieved its highest ever revenue and highest ever profit, setting a new benchmark in its journey as a listed company.
I see a robust future rather than a concern.
We are exploring on non-convenience fee to improve our margin.
Revenue from tourism will grow and grow only.
We are planning to merge all the OTA platforms for improving our hotel bookings and MICE activities and air booking.
Changing the number of days will not make any difference on our business.