IRCTC Q4 Profit Climbs On Strong Internet Ticketing, Dividend Payout At ₹9/Share For FY26

Admin May 27, 2026 1,050 Views

IRCTC reported healthy growth in Q4 FY26 with resilient performance across internet ticketing, catering, Rail Neer and tourism, even as it navigates regulatory and legal overhangs. The Navratna PSU also announced a final dividend, reinforcing its shareholder‑friendly capital allocation.

Indian Railway Catering and Tourism Corporation (IRCTC) posted consolidated revenue from operations of ₹1,459.7 crore in Q4 FY26, driven largely by internet ticketing and catering segments. Consolidated profit after tax from continuing operations for the quarter stood at ₹326.4 crore, supported by healthy margins and robust other income.

Revenue Mix And Segment Trends

Internet ticketing remained the standout contributor, with Q4 FY26 segment revenue at ₹390.2 crore and full‑year FY26 internet ticketing revenue at ₹1,535.5 crore. Catering revenue came in at ₹670.9 crore for the quarter and ₹2,398.8 crore for FY26, reflecting sustained demand recovery in on‑board services. Rail Neer reported Q4 revenue of ₹100.2 crore and FY26 revenue of ₹407.5 crore, while tourism revenue rose to ₹303.6 crore in Q4 and ₹890.1 crore for the full year.

Profitability, Margins And Exceptional Items

Total consolidated income for Q4 FY26 stood at ₹1,526.2 crore, with total expenses at ₹1,079.6 crore, resulting in profit before tax of ₹446.7 crore. Exceptional income of ₹16.8 crore for FY26 mainly reflected lower fixed, variable and custody charges for Tejas Express operations and write‑back of excess provisions. For FY26, consolidated PAT from continuing operations was ₹1,393.5 crore, with EPS at ₹17.42 versus ₹16.44 in FY25.

Balance Sheet, Cash Flows And Dividend

IRCTC closed FY26 with total assets of ₹7,579.5 crore and other equity of ₹4,148.5 crore on a consolidated basis, underlining a strong net‑worth position. Cash and cash equivalents stood at ₹412.0 crore, while bank balances other than cash equivalents were at ₹2,455.5 crore as of 31 March 2026. The Board recommended a final dividend of ₹0.50 per share (face value ₹2), taking the total FY26 dividend to ₹9 per share including two interim dividends aggregating ₹8.50 per share.

Key Highlights

Revenue from operations Q4 FY26: ₹1,459.7 crore; FY26: ₹5,214.9 crore
Consolidated PAT Q4 FY26: ₹326.4 crore; FY26: ₹1,393.5 crore
Internet ticketing FY26 revenue: ₹1,535.5 crore; continues as core profit engine
Catering FY26 revenue: ₹2,398.8 crore; tourism FY26 revenue: ₹890.1 crore
FY26 total dividend: ₹9 per share on face value of ₹2
EPS FY26: ₹17.42 versus ₹16.44 in FY25
Strong receivables from Railways and government at ₹18,702.9 crore, with part overdue beyond three years
Ongoing GST and Rail Neer ITC-related proceedings, with next GSTAT hearing on 15 July 2026