Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹1,268.5 Cr
verified against source
Revenue YoY
10%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
IRCTC reported a record Q4 FY25 with operating revenue of INR 1,269 crore, up 10% YoY, driven by strong performance in internet ticketing, tourism, and catering. Tourism revenue surged 38% YoY to INR 274 crore, while internet ticketing grew 8.8% to INR 373 crore. EBITDA margins remained healthy at 33.15% for the full year. PAT for FY25 rose 18.3% to INR 1,315 crore. Management highlighted robust daily ticket bookings of 14.33 lakh (up 11% YoY) and strong e-catering growth of 63% annually. Guidance includes expansion of Bharat Gaurav rakes and a unified OTA portal for non-railway tourism. Risks include delays in the RBI payment aggregator license and pending litigation on catering vendor repricing.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects in-principle approval for the payment aggregator license within the current quarter or next 2-3 months, with final approval taking about a year.
- IRCTC plans to add one more rake to its Bharat Gaurav train fleet, which currently operates 10 rakes on 16-17 itineraries.
- IRCTC is planning to merge all OTA platforms into a unified portal to improve hotel bookings, MICE activities, and air booking, aiming to grow non-railway revenue.
Risks flagged
- The RBI has sought clarifications on the payment aggregator license application, and management could not provide a definitive timeline for approval.
- Litigation with vendors over post-COVID pricing revisions remains unresolved, with no clear timeline for resolution.
- Catering revenue was flat in Q4 due to Mahakumbh trains running without catering facilities, highlighting vulnerability to seasonal and policy-driven fluctuations.
Key quotes
- 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.
Research modules