The stock hit a record high of Rs 1939.80 in intraday today. The stock has jumped 26.63% in last three trading sessions from its previous closing low of Rs 1518.20 posted on 17 February 2020.
The stock has soared 93.65% in last one month. The benchmark Nifty 50 index registered a 0.71% fall in the same period.
IRCTC has soared 500.78% over the initial public offer (IPO) price of Rs 320 per share to record high levels. The stock was listed the stock exchanges on 14 October 2019 at Rs 644, a premium of 101.25% to the IPO price.
IRCTC announced that it will run a special tourist train based on pilgrimage of sites associated with Lord Ram from 28 March 2020. Shri Ramayana Express will have ten coaches which will include five sleeper class non-AC coaches and five AC 3 tier coaches. IRCTC also said that the booking will purely be on first come first basis.
Major places covered in this journey are Ram Janmbhoomi and Hanuman Garhi at Ayodhya, Bharat Mandir at Nandigram, Sita Mata Mandir at Sitamarhi (Bihar), and Janakpur (Nepal), Tulsi Manas Mandir and Sankat Mochan Mandir at Varanasi, Sita Samahit Sthal at Sitamarhi (UP), Triveni Sangam, Hanuman Mandir and Bharadwaj Ashram at Prayag, Shringi Rishi Mandir at Shringverpur, Ramghat and Sati Anusuiya Mandir at Chitrakoot, Panchvati at Nasik, Anjanadri Hill and Hanuman Janm Sthal at Hampi and Jyotirlinga Shiva Mandir at Rameshwaram.
IRCTC also started Kashi Mahakal Express after successfully running two Tejas Express trains. Kashi Mahakal Express will run between Varnasi and Indore and connect three holy places – Jyotirlinga – Omkareshwar (near Indore in Madhya Pradesh), Mahakaleshwar (Ujjain in Madhya Pradesh) and Kashi Vishwanath (Varanasi in Uttar Pradesh). The train commenced its first journey today, 20 February 2020.
On a standalone basis, IRCTC’s net profit jumped 179.6% to Rs 205.80 crore in Q3 December 2019 as against net profit of Rs 73.60 crore in Q3 December 2018. Net sales rose 64.6% to Rs 715.98 crore in Q3 December 2019 from Rs 435.01 crore posted in Q3 December 2018. The result was announced on 12 February 2020.
Revenue from internet ticketing segment surged 310.16% YoY to Rs 226.90 crore in Q3 December 2019. Revenue from catering segment rose 8.23% to Rs 269.20 crore during the period under review. Revenue from state teertha business segment spurted 862.32% to Rs 66.40 crore in Q3 December 2019 over Q3 December 2018. Tourism business revenue rose 14.63% to Rs 94.86 crore during the stated period. Rail neer business segment revenue rose 41.89% YoY to 58.60 crore in Q3 December 2019.
The company declared an interim dividend of Rs 10 per equity share and set a record date at 25 February 2020.
IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. IRCTC operates in four business segments, namely, internet ticketing, catering, packaged drinking water and travel & tourism. The Government of India holds 87.40% stake in the company as on 31 December 2019.
