(M.C)
(IRCTC) on February 8 reported a sharp rise in its December quarter earnings with net profit rising 167.4 percent on-year and 32 percent sequentially, owing to a low base in the year-ago period and contribution from all the segments. Profit for the quarter stood at Rs 208.81 crore, up from Rs 78.08 crore in corresponding period last fiscal and Rs 158.57 crore reported in September 2021 quarter. Revenue from operations stood at Rs 540.21 crore, up 141 percent, compared to Rs 224.37 crore posted in the same period last fiscal. On a sequential basis, the topline growth was 33.40 percent, said the company in its BSE filing on Tuesday.
“The outbreak of coronavirus pandemic globally and in India is causing significant disturbance and slowdown of economic activity. However, the business activities of the company are going gradually on track in line with the lifting of restrictions as were imposed by the State and Central governments,” said IRCTC.
