Indian Railway Catering and Tourism Corporation Ltd

Financial Performance

• Total revenue for Q1 FY27: INR1,370 crores, up 18.1% YoY.
• PAT stood at INR333 crores for Q1 FY27.
• EBITDA: INR386 crores; EBITDA margin 28.17%.
• Internet Ticketing revenue INR361 crores; online bookings ~89% of reserved tickets.
• Catering revenue INR732 crores; YoY +33.82%.
• Rail Neer revenue INR109 crores; YoY +2.83%; margin ~10%.
• Tourism revenue INR168 crores; YoY +13.5%; EBITDA margin 11.31% vs 8.78%.
• IT revenue INR361 crores; IT contributes to Internet Ticketing.
• Daily average tickets: 14.58 lakhs.
• Onboard sales from prepaid trains: INR413 crores.
• License fee mobile trains: INR224 crores.
• Static units license: INR33 crores.
• E-catering revenue: INR22 crores.
• Election specials: INR41 crores.
• Total catering-related income: INR747 crores.
• Quarterly tickets booked: INR13.27 crores; AC 6.92, non-AC 6.35.
• Share of online ticketing: ~89% reserved tickets booked online.

Segment Highlights

• Internet Ticketing: revenue INR361 crores; YoY ~0.5%; online reservations ~89%.
• Catering: revenue INR732 crores; YoY +33.82%; margins pressured by higher catering mix and HR costs.
• Rail Neer: revenue INR109 crores; YoY +2.83%; margin down to 10% from 14%.
• Tourism: revenue INR168 crores; YoY +13.5%; EBITDA margins 11.31% vs 8.78%.
• IT: revenue INR361 crores; contributes to Internet Ticketing.

Q&A Highlights

• Resignation of Sanjay Jain: personal decision; IRCTC will grow; no material discrepancies.
• Rail Neer: capacity 17.77 lakh; supply ~15.5 lakh/day; new plants Prayagraj, Mysore, Ranchi; land allotted.
• Catering margins: HR cost ~INR20 crores; PoC impact; target 10-12% margins; some trains finish by Sep/Nov.
• iPay license: final RBI application submitted; SAR/MVP submitted; TSP engaged; response expected this financial year.
• Non-convenience fee dip; beta UI launched; ads removed; unified portal planned; UPI share high.
• Upcoming trains: ~20 Vande Bharat sleeper trains; licensing catering per train INR6–120 crores.

Meeting Details

• Non-deal investor roadshows in Mumbai (in-person) on 24–25 August 2026 to discuss Q1 FY27 results.

Participants

• Company management: Chairman & Managing Director (additional charge), Director–Finance & CFO, Director–Catering Services.

Purpose

• Discuss Q1 FY27 results and the Corporate Presentation; investor interaction.

Additional Notes

• No UPSI intended to be disclosed during the meeting.

Appointment of Independent Director

• Change: Appointment of Additional Director (Independent Director).
• Appointee: Dr. Sachin Balkrishna Sabnis, Independent Director.
• Effective date: 13 August 2026.
• Term: As per Ministry of Railways order.
• Reason: Board approved appointment to strengthen governance.
• Profile: Dr. Sabnis is a first-generation entrepreneur with 30+ years in engineering and manufacturing.
• Relation: Not related to any Director/KMP; holds NIL IRCTC shares.
• Debarment: Not debarred by SEBI or other authorities.

Meeting Details

• Date and time: August 13, 2026; time not specified.
• Type and mode: Audio earnings call; virtual event.
• Organiser: Dolat Capital.

Participants

• Key company participant: Company Secretary and Compliance Officer.

Purpose

• Purpose: Audio recording of Q1FY27 earnings conference call.

Additional Notes

• Audio recording available on IRCTC website (Investors Corner).

Appointment of Non-Official Director

• Ministry of Railways appoints Sachin Balkrishna Sabnis as Non-Official Director on IRCTC Board.
• Appointment for three-year term with immediate effect or until further orders.
• Order dated 13 August 2026 conveying the appointment.
• Company to complete appointment formalities and make requisite disclosures in due course.
• No financial impact disclosed.
• Compliance with Companies Act 2013 and SEBI LODR in progress.

Standalone results

• Revenue from operations: 136,952.93 L; QoQ down 6.2%.
• Total income: 144,081.19 L (revenue + other income).
• Total expenses: 99,952.57 L.
• Profit before tax (before exceptional items): 44,128.62 L.
• Exceptional items: 8.07 Lakh.
• Profit before tax after exceptional items: 44,690.43 L.
• Tax expense: 12,561.95 L.
• Profit after tax: 32,986.11 L.
• Total comprehensive income: 12,792.72 L.
• EPS (basic/diluted): 4.12.

Segment performance (standalone Q1 FY27)

• Catering revenue: 73,226.08 L; PBT 6,799.17 L.
• Railneer revenue: 11,390.95 L; PBT 1,116.95 L.
• Internet Ticketing revenue: 36,099.25 L; PBT 28,962.71 L.
• Tourism revenue: 76,807.27 L; PBT 1,930.34 L.
• Total segment PBT: 38,808.17 L; Interest income: 5,360.24 L; PBT before tax: 44,168.41 L.

Business overview

• IRCTC operates catering, RailNeer, internet ticketing, and tourism.
• Standalone results reflect core segments; ITC/licensing notes disclosed.

Meeting Details

• Date of meeting: August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Approve standalone and consolidated unaudited financial results for quarter ended June 30, 2026, with limited review.

Other Notes

• Trading window closed from July 01, 2026, to 48 hours after results declaration, up to Aug 14, 2026.
• Notice of trading window closure dated June 25, 2026.

Director/KMP changes

• Sanjay Kumar Jain ceases as Chairman and Managing Director and Key Managerial Personnel, effective July 20, 2026.
• Rahul Himalian, Director (Tourism & Marketing), assumes additional charge as Chairman and Managing Director from July 20, 2026.