IRCTC stock: Profit falls 22.9% as Q2 revenue rises 16.3%

Published on 11/13/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IRCTC stock reported stronger second-quarter revenue but weaker profit. Margin pressure keeps profitability in focus for investors.

IRCTC earnings show mixed quarter

IRCTC reported higher second-quarter revenue but a sharp year-on-year decline in consolidated profit.
EBITDA edged higher, while the EBITDA margin narrowed significantly from the prior-year quarter.
Investors will focus on whether catering, tourism and ticketing growth can offset margin pressure.

IRCTC, INE335Y01020, Illustration mit AI erstellt.

Indian Railway Catering and Tourism Corporation reported a mixed second quarter on Thursday, November 12, 2026, with revenue growth failing to prevent a decline in consolidated profit. Moneycontrol reported that consolidated net profit fell 22.9 percent year on year to INR 263.6 crore in the quarter ended September 30, 2026, from INR 342 crore a year earlier.

Revenue rises as margins narrow

Revenue increased 16.3 percent to INR 1,331.1 crore from INR 1,146 crore in the year-ago quarter. EBITDA rose 1 percent to INR 408 crore from INR 404 crore, but the EBITDA margin contracted to 30.6 percent from 35.2 percent.

The figures point to a widening gap between top-line momentum and earnings conversion. For investors, the next focus is whether activity across ticketing, catering and tourism can support profitability as operating costs weigh on margins.

Broad railway-linked service model

IRCTC operates across online rail-ticket reservations, catering and hospitality, tourism and train operations, packaged drinking water under the Rail Neer brand, and related travel services. Its activities serve passengers and travelers across India through internet ticketing, onboard and station catering, tour packages, air-ticket booking and hospitality offerings. The company is headquartered in New Delhi and remains closely linked to India's railway travel network.