IRCTC / Q1-FY25 / risks

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Indian Railway Catering And Tourism Corporation · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ1-FY25 · 2024-07-31Back to quarter ↗

Risk intelligence

Material risks this quarter

Catering tariff hike uncertainty

Management cannot confirm any timeline for food tariff hikes, which are decided by the Railway Board. Last hike was in 2019.

medium

Tourism segment volatility due to elections

Tourism revenue declined 38.1% QoQ and 12.4% YoY due to non-operational trains during elections, highlighting vulnerability to external events.

medium

Internet ticketing saturation

With 84% of tickets already booked via IRCTC, incremental growth in ticketing revenue may slow, though UPI adoption is boosting volumes.

low

Pending litigation on previous tariff hikes

Management declined to comment on sub judice cases regarding previous tariff hikes, indicating legal overhang.

medium