IRCTC Dividend declared

IRCTC Dividend: Indian Railways’ tourism and ticketing arm on Thursday reported a 22 per cent jump in its standalone net profit to Rs 256 crore for the third quarter ended December 31, 2022 as against Rs 209 crore in the last year period. In order to reward its shareholders, the company has also declared an interim dividend.

The Board of Directors of IRCTC at its meeting held on Thursday has declared an interim dividend of Rs 3.50 per share on equity shares of face value of Rs 2/- each for the financial year 2022-23, which is 175 per cent of paid-up share capital.

IRCTC Dividend Record Date

The record date is key date to note for shareholders to get the dividend payment. The Board of Directors have fixed Wednesday, February 22, as the record date for the purpose of payment of interim dividend. The date determines which shareholders will be eligible to receive the dividend and is fixed by the board of the company.

People who have the shares of IRCTC as of February 22, will be eligible to receive the dividend.

IRCTC Quarterly Results

IRCTC witnessed a 22 per cent in its net profit in the third quarter of this financial year and its revenue from operations soared 70 per cent year-on-year to Rs 918 crore for the December quarter, up from Rs 540 crore in the corresponding quarter of last year. IRCTC’s revenue from catering segment zoomed 275 per cent on year to Rs 394 crore, which was Rs 105 crore in Q3 last year.

The internet ticketing business saw 4 per cent decline in revenues to Rs 301 crore during the October-December period.