Daily ticket bookings
14.64 lakh
+7.7% YoY
Average daily ticket bookings increased from 13.59 lakh in Q3 FY25.
INDIANRAILWAYCTRNGNDTRSM
Diversified
2026-01-??
Indian Railway Ctrng nd Trsm Corp Ltd — Q3 FY26
IRCTC delivered a record quarter with revenue of ₹1,449 crore (+18.2% YoY) and PAT of ₹394 crore (+15.5% YoY), driven by strong performance across all segments.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
IRCTC delivered a record quarter with revenue of ₹1,449 crore (+18.2% YoY) and PAT of ₹394 crore (+15.5% YoY), driven by strong performance across all segments. Internet ticketing remained the profit engine with 85% EBITDA margin, while catering revenue surged 19.1% YoY, aided by 40 new train contracts including 19 Vande Bharat sets. Tourism revenue grew 29% YoY to ₹289 crore, led by Maharaja Express (+39%) and Bharat Gaurav trains (+51%). Rail Neer added 25-30% capacity via new plants. Management guided for 15% sustainable growth and highlighted 260 Vande Bharat trains in pipeline. Key risk: labor code implementation could add cost pressure, though management expects to offset via volume growth.
Key Numbers
UPI transaction share
50.18%
+332bps YoY
UPI share of ticketing transactions rose from 46.86% in Q3 FY25.
Rail Neer daily sales
12.68 lakh bottles
N/A
Average daily bottle sales in Q3 FY26; capacity expansion underway.
Online ticketing market share
89%
N/A
IRCTC's share of reserved railway tickets booked online.
Management Guidance
15% sustainable growth target for FY26
Management targets 15% overall growth for the full year, driven by all segments.
Management guidance growth260 Vande Bharat train sets to be introduced
Railway ministry plans to introduce 260 Vande Bharat train sets, which will boost catering revenue.
Management guidance expansionRail Neer capacity expansion by 25-30% in 1.5 years
Four new plants sanctioned at Mysuru, Prayagraj, Bhagalpur, and Ranchi; existing plants doubling capacity.
Management guidance capexKey Risks
Labor code implementation cost impact
New labor codes may increase costs due to reduced gratuity period and health checkup requirements; management is still assessing impact.
medium · analyst_questionCatering margin pressure from Vande Bharat mix
Higher share of Vande Bharat trains (prepaid, lower license fee) and 5% GST impact margins; EBITDA margin moderated to 32.1%.
medium · management_commentaryGeopolitical disruptions to tourism
Tourism segment faced temporary geopolitical disruptions, though still delivered 29% revenue growth.
low · management_commentaryNotable Quotes
Our convenience revenue is 251 cr and non-convenience revenue is 150 cr during this quarter.
We are targeting to achieve 15% sustainable growth this year.
Even if we are able to capture some of the value added services to our customer, this is a very good business proposition for us.
Frequently Asked Questions
What was Indian Railway Ctrng's revenue in Q3 FY26?
Indian Railway Ctrng reported revenue of ₹1,449 Cr in Q3 FY26, representing a +18.2% change compared to the same quarter last year.
What guidance did Indian Railway Ctrng management give for FY27?
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.
What are the key risks for Indian Railway Ctrng in FY27?
Key risks include Labor code implementation cost impact — New labor codes may increase costs due to reduced gratuity period and health checkup requirements; management is still assessing impact.; Catering margin pressure from Vande Bharat mix — Higher share of Vande Bharat trains (prepaid, lower license fee) and 5% GST impact margins; EBITDA margin moderated to 32.1%.; Geopolitical disruptions to tourism — Tourism segment faced temporary geopolitical disruptions, though still delivered 29% revenue growth..
Did Indian Railway Ctrng meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Indian Railway Ctrng Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.