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Mini Ratna PSU Reports 250% YoY Gain In Revenue, Stock Jumps Sharply Intra Day: Buy?


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oi-Kuntala Sarkar

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The share price of Indian Railway Catering & Tourism Corp Ltd. (IRCTC), is gaining today in the stock markets after it has published a thriving financial result yesterday. It is a Mini Ratna PSU stock, giving sharp returns to its investors consistently. IRCTC reported a 198% gain in its net profit at Rs. 245.52 crore in Q1FY23, against a net profit of Rs. 82.52 crore in Q1FY22. IRCTC’s revenue from operations gained 250.34% YoY to Rs. 852.59 crore in Q1FY23, against Rs. 243.36 crore in Q1FY22. The PSU’s total income was gained to Rs. 877 crore in Q1FY23, compared to Rs. 258 crore in Q1FY22, while its total expenses for the whole year were gained to Rs. 548 crore from Rs. 147 crore on a year-on-year basis.

Mini Ratna PSU Reports 250% YoY Gain In Revenue, Stock Jumps Sharply Intra Day

NSE performance

The current market price of IRCTC stood at Rs. 677.40/share on NSE, up by 0.63%, till last traded. In the last 5 days, the share price of this company has surged by 4.80% on NSE, and in the last 1 month, its share price has surged by 14.25%. In the past 6 months it has fallen 18.46%, but in the last 1 year its share price has surged by 31.67%

The 52-week high level of this stock is Rs. 1,279.26, and the 52-week low level of this stock is Rs. 505.60.

Market capitalizationCurrent market price5 Days performance1 Month performance
Rs. 53,960 croreRs. 677.404.80%14.25%

About the company: Indian Railway

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a Mini Ratna (Category-I) Central Public Sector Enterprise under the Ministry of Railways. IRCTC was incorporated in 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information, and commercial publicity and global reservation systems.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.

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Story first published: Thursday, August 11, 2022, 12:42 [IST]

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