New Delhi : Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, has reported strong revenue growth for the first quarter of FY27, with revenue from operations rising 18.1% year-on-year to ₹1,369.53 crore.
The company’s net profit, however, remained broadly stable at ₹329.86 crore, compared with ₹330.45 crore in the corresponding quarter of the previous financial year.
The Board of Directors approved the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at its meeting held on August 12. The meeting commenced at 3:00 PM and concluded at 7:05 PM.
Standalone Financial Performance
IRCTC recorded revenue from operations of ₹1,369.53 crore in Q1 FY27, compared with ₹1,159.68 crore in Q1 FY26, representing an increase of 18.1%.
Other income increased 17.3% to ₹71.28 crore, from ₹60.74 crore a year earlier. As a result, total income rose 18.1% to ₹1,440.81 crore, compared with ₹1,220.42 crore in Q1 FY26.
However, total expenses increased at a faster pace, rising 28.4% to ₹999.53 crore from ₹778.62 crore in the year-ago quarter.
Consequently, profit before tax stood at ₹441.29 crore, almost unchanged from ₹441.80 crore in Q1 FY26.
Net profit came in at ₹329.86 crore, marginally lower than ₹330.45 crore reported in Q1 FY26. Basic and diluted earnings per share stood at ₹4.12, compared with ₹4.13 in the corresponding period.
| Particulars | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,369.53 Cr | ₹1,159.68 Cr | +18.1% |
| Other Income | ₹71.28 Cr | ₹60.74 Cr | +17.3% |
| Total Income | ₹1,440.81 Cr | ₹1,220.42 Cr | +18.1% |
| Total Expenses | ₹999.53 Cr | ₹778.62 Cr | +28.4% |
| Profit Before Tax | ₹441.29 Cr | ₹441.80 Cr | -0.1% |
| Net Profit | ₹329.86 Cr | ₹330.45 Cr | -0.2% |
| EPS | ₹4.12 | ₹4.13 | Largely Flat |
Catering Emerges as Key Growth Driver
IRCTC’s segment-wise performance shows strong growth in its Catering business during the quarter.
Catering revenue jumped 33.9% year-on-year to ₹732.26 crore, compared with ₹546.78 crore in Q1 FY26. The segment was the strongest contributor to the company’s revenue growth during the quarter.
The Tourism segment also delivered healthy growth, with revenue increasing 13.8% to ₹168.07 crore from ₹147.70 crore.
Revenue from Rail Neer rose 3.1% to ₹113.91 crore, compared with ₹110.49 crore in Q1 FY26.
Meanwhile, revenue from Internet Ticketing remained largely stable at ₹360.99 crore, compared with ₹358.75 crore in the corresponding quarter, registering growth of 0.6%.
| Segment | Q1 FY27 Revenue | Q1 FY26 Revenue | YoY Growth |
|---|---|---|---|
| Catering | ₹732.26 Cr | ₹546.78 Cr | +33.9% |
| Internet Ticketing | ₹360.99 Cr | ₹358.75 Cr | +0.6% |
| Tourism | ₹168.07 Cr | ₹147.70 Cr | +13.8% |
| Rail Neer | ₹113.91 Cr | ₹110.49 Cr | +3.1% |
Internet Ticketing Remains a Major Profit Contributor
While Catering recorded the strongest revenue growth among IRCTC’s major segments, Internet Ticketing continued to be an important contributor to the company’s profitability.
The strong performance of Catering and Tourism helped support IRCTC’s overall revenue growth during the quarter. At the same time, higher expenses limited the impact of the top-line expansion on the company’s bottom line.
Consolidated Performance
IRCTC’s consolidated financial performance remained broadly aligned with its standalone results.
Consolidated profit before tax stood at approximately ₹441.68 crore, while consolidated net profit remained close to the standalone figure.
The results indicate that IRCTC maintained stable profitability despite a significant increase in operating revenue and expenses during the quarter.
Auditors’ Review
The company’s Statutory Auditors have issued a Limited Review Report with an unmodified conclusion on the financial results.
The report, however, includes an emphasis of matter relating to certain sub-judice matters concerning license fee and GST claims.
Overall Performance
IRCTC’s Q1 FY27 results reflect a mixed performance, with strong revenue growth but largely flat profitability.
The 18.1% increase in revenue from operations was supported particularly by the strong performance of the Catering and Tourism businesses. However, the 28.4% increase in total expenses resulted in limited growth at the profit level.
With revenue crossing ₹1,369 crore in the first quarter and Catering delivering double-digit growth, IRCTC continues to maintain a strong position across its railway catering, tourism, internet ticketing and Rail Neer businesses.
The company’s stable net profit of nearly ₹330 crore despite higher expenses highlights the resilience of its overall business model during the quarter.
