IRCTC Q4 & FY25 Results: Insights for Investors | Profit From It
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IRCTC Q4 & FY25 Results: Insights for Investors

Lesson 148/158 | Study Time: 10 Min

IRCTC Q4 & FY25 Results: Insights for Investors

Indian Railway Catering and Tourism Corporation (IRCTC) delivered a steady performance in Q4FY25 and FY25, showcasing resilience and strategic strength across key segments like catering, ticketing, Rail Neer, and tourism.


✅ Key Financial Highlights

Particulars

Q4 FY25

FY25

Growth YoY

Revenue from Operations

₹1,26,853 lakh

₹4,67,477 lakh

+9.7%

Total Income

₹1,32,969 lakh

₹4,90,386 lakh

+10.8%

Consolidated Profit (PAT)

₹35,750 lakh

₹1,31,358 lakh

+17.9%

EPS (₹)

4.48

16.44

+18.4%

EBITDA Margin

~33.8%

~34.3%

Expansion +80bps


📈 Segmental Revenue & Performance – FY25

Segment

Revenue (₹ lakh)

Segmental Share

YoY Growth

Catering

₹1,56,052

33.4%

+13%

Rail Neer

₹19,401

4.1%

+11%

Internet Ticketing

₹1,14,000+

24.3%

~Stable

Tourism

₹56,098

12.0%

+6.6%


💹 Consolidated Income Statement – Analysis Table

Metric

Q4 FY25

FY25

YoY Growth

Revenue from Ops

₹1,26,853 lakh

₹4,67,477 lakh

+9.7%

EBITDA

₹42,653 lakh

₹1,70,920 lakh

+9.9%

PAT

₹35,750 lakh

₹1,31,358 lakh

+17.9%

EPS

4.48

16.44

+18.4%

Profit Margin (%)

28.1%

28.1%

+180 bps

PE Ratio (CMP ₹771)

46.9x


⚠ Slightly high

Interest Coverage Ratio (ICR)

25.4x


Very Healthy


🧾 Balance Sheet Highlights & Key Ratios (FY25)

Metric

Value (₹ lakh)

FY25 Ratio

Net Worth

₹3,66,336

-

Total Assets

₹6,79,997

-

Trade Receivables

₹1,73,423

~25% of assets

Cash & Equivalents

₹2,16,204

Very liquid

Debt-to-Equity

0.00x (Debt-free)

Extremely safe

Current Ratio

2.15x

Sound liquidity

Price to Book (PBV) Ratio

2.1x

Reasonable


💰 Cash Flow & Liquidity

Metric

FY25 (₹ lakh)

Insight

Cash from Operations (CFO)

₹1,43,998

Strong internal generation

Cash from Investing (CFI)

₹(41,468)

Includes CapEx in infra

Cash from Financing (CFF)

₹(90,980)

Dividend of ₹88/share paid

Net Cash Flow

₹11,550

Net positive post investments

Free Cash Flow (FCF est.)

~₹1,35,000

Strong potential for reinvestment


📌 Near-Term & Long-Term Outlook

  • Short-Term: Margin pressures manageable, healthy bookings post-pandemic boost Q1FY26 outlook.

  • Medium-Term: Steady growth from digital ticketing, catering, and Rail Neer expansion.

  • Long-Term: Government-backed monopoly ensures earnings stability, scope for public-private partnerships and tourism tailwinds.


⚠ Disclosures

  • Dividend declared: ₹8/share (₹1 final, ₹7 interim).

  • Sub judice matters: License fee hike, Railneer GST ITC dispute.

  • Arbitration liabilities on meal pricing pending Supreme Court ruling.


🎯 Conclusion for Investors

IRCTC remains a debt-free, cash-rich, high ROE business with strategic monopoly. Though valuations (~47x P/E) are premium, its resilient earnings, digital edge, and policy-driven moat make it a reliable long-term SIP candidate.


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