# Indian Railway Finance Corporation Ltd (IRCTC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/irctc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹457.95
- Change: +0.05%
- As of: 2026-11-06
- 1D return: +0.05%
- 5D return: +4.99%
- 1M return: +1.80%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

IRCTC (₹457.95) is in a short-term consolidation phase within a broader, strong monthly downtrend. On the daily chart, price has pulled back from recent highs to trade above the 20-period EMA and SMA, but remains below the 50-period EMA, 200-period SMA, and Supertrend, which continues to signal bearish control. Daily trend strength is weak (ADX 17.97), indicating a lack of decisive momentum despite a +1.7% volume-backed move on November 5.

The stock sits near the lower end of its 252-day range (+7.7%) but is roughly mid-range over 20 days (+52.9%). Immediate resistance lies at ₹460.07 (pivot, +0.46%), with further hurdles at ₹465.63 (+1.68%) and ₹473.57 (+3.41%). Support is clustered between ₹452.13 (-1.27%) and ₹446.57 (-2.49%). The stock carries significant risk, evidenced by a -44.3% current drawdown from available highs and high annualized volatility (+23.4%).

While a Bullish Engulfing Reversal pattern formed on November 4, it is no longer active, and the weekly structure remains firmly bearish with price below all major moving averages and the Supertrend. The setup is neutral-to-bearish; confirmation of a reversal would require a sustained break above the 50-period EMA and the Supertrend, while invalidation of any short-term bounce would occur if price fails to hold above ₹452.13.

- Trend Conflict: Monthly and weekly trends are strongly bearish (Supertrend down, ADX 34), while daily trend is weak (ADX 17.97) with price trapped between short-term EMAs and long-term SMAs.
- Key Levels: Resistance at ₹460.07 (+0.46%) and ₹465.63 (+1.68%); Support at ₹452.13 (-1.27%) and ₹446.57 (-2.49%).
- Risk Profile: High volatility (+23.4%) and deep drawdown (-44.3% from highs) suggest elevated downside risk despite recent minor bounces.
- Confirmation/Invalidation: A bullish case requires holding above ₹452.13 and breaking the daily Supertrend; bearish continuation is signaled by rejection at ₹460.07 or a break below ₹452.13.

- Bullish Engulfing Reversal
- Shooting Star
- Bearish Engulfing Reversal
- Harami

### News Context

IRCTC’s most material development in the seven-day window is the scheduled Board Meeting on November 12, 2026, to approve unaudited financial results for the half-year ended September 2026. This event serves as the primary catalyst for near-term investor sentiment, as it will reveal the company's profitability and operational metrics following a period of significant price depreciation. The stock has declined 34.9% over the past year and is currently trading at ₹457.95, reflecting a substantial drawdown from its highs.

In parallel, the company addressed regulatory compliance issues filed on October 28, 2026. IRCTC disclosed fines totaling approximately ₹20.5 lakh each from the NSE and BSE for non-compliances related to SEBI Listing Regulations during the quarter ended June 30, 2026, and FY 2025-26. The Board attributed these violations primarily to delays in the appointment of Independent Directors by the Ministry of Railways and late receipt of comments from the Comptroller and Auditor General of India (C&AG) for the AGM. A waiver request has been authorized. Additionally, on October 19, 2026, Group General Manager Suresh Kumar Sharma was repatriated and ceased to be Senior Management Personnel.

Technically, the stock exhibits bearish momentum across daily, weekly, and monthly timeframes, with the Supertrend indicator signaling downside pressure. Resistance is noted near ₹460, while support lies around ₹452.

- Board Meeting on November 12, 2026: Scheduled to approve H1 FY2027 (ended Sept 2026) unaudited financial results, marking the next key earnings disclosure.
- Regulatory Fines & Waiver Request: On October 28, 2026, IRCTC reported fines of ₹10,23,060 each from NSE and BSE for SEBI listing regulation violations (Q1 FY27 and FY26), attributing causes to external delays; a waiver request is pending.
- Management Change: Effective October 19, 2026, Sh. Suresh Kumar Sharma was repatriated and ceased to hold the position of Group General Manager/Senior Management Personnel.
- Price Action & Technicals: Stock closed at ₹457.95 on November 6, 2026, down 34.9% over the last year. Daily Supertrend is bearish, with immediate resistance at ₹460.07 and support at ₹452.13.

- INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation
- Board Meeting Intimation |Meeting Date: 12-Nov-2026
- Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Board Comments on fines levied by the Exchanges for non-compliances of certain Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates
- Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management
- INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Official Filings

IRCTC’s disclosures in early November 2026 highlight significant governance and legal developments ahead of its H1 FY2027 results. The Board has scheduled a meeting on November 12, 2026, to approve unaudited financial results for the half-year ended September 2026. Concurrently, the company faces substantial regulatory liabilities: the Goods Appellate Tribunal (GSTAT) ordered IRCTC to deposit ₹50.41 crore plus 18% interest into Consumer Welfare Funds by mid-November, a directive IRCTC is appealing. Additionally, stock exchanges levied fines totaling approximately ₹20.55 lakh each for SEBI listing regulation non-compliances, which the Board attributes to delays in appointing Independent Directors and AGM convening. On the operational front, management changes include the repatriation of Group General Manager Suresh Kumar Sharma and the appointment of Raj Kumar Verma as Group General Manager. IRCTC also partnered with the Quality Council of India to implement digital third-party food safety audits.

- Financial Results: Board meeting scheduled for November 12, 2026, to consider H1 FY2027 unaudited results.
- Legal Liability: GSTAT order requires deposit of ₹50,41,44,461 plus 18% interest from June 2019; IRCTC is filing an appeal.
- Regulatory Fines: NSE and BSE imposed fines of ₹10,23,060 each for Q1 FY2027 compliance violations and ₹29,500 each for FY2026 Regulation 44(5) breach.
- Management Changes: Suresh Kumar Sharma ceased as Senior Management Personnel on October 19, 2026; Raj Kumar Verma appointed Group General Manager on October 15, 2026.

- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Board Comments on fines levied by the Exchanges for non-compliances of certain Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_28102026122246_BoardCommentonStockExchangepenalty.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_19102026220457_stxintimationggmservices19102026.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261019_220631132.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_15102026172401_STXintimationregappointmentRajKumarVerma.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261015_172704809.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_15102026193117_GSTATcaseReply.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange regarding a press release dated October 15, 2026, titled "IRCTC Partners with Quality Council of India (QCI) for Digital, Third-Party Food Safety and Hygiene Audit". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCTC_15102026194146_STXintimationpressrelease.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 62.4 | PUBLIC_VAL: 37.6 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 09-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734943_09102026042705_WEB.xml)

### Fundamentals

IRCTC’s financial trajectory for FY2026 shows robust top-line expansion and strong cash generation, though earnings growth has moderated compared to historical highs. Sales rose to ₹5,215 crore in FY2026 from ₹4,675 crore in FY2025, with TTM sales reaching ₹5,425 crore. Operating profit increased to ₹1,666 crore (FY2026) from ₹1,551 crore (FY2025), while net profit grew to ₹1,393 crore from ₹1,315 crore. EPS rose to ₹17.42 in FY2026 from ₹16.43 in FY2025.

Earnings quality remains high, evidenced by Cash from Operating Activity surging to ₹1,274 crore in FY2026 from ₹834 crore in FY2025, with a CFO/EBITDA share of 109%. The balance sheet is asset-heavy but debt-light; Fixed Assets grew significantly to ₹839 crore (from ₹813 crore in FY2025), supported by a sharp reduction in CWIP from ₹27 crore to ₹42 crore (note: CWIP decreased from prior year's 27? No, Mar 2025 was 27, Mar 2026 is 42. Wait, Mar 2024 was 443. So CWIP dropped massively from 443 to 27, then slightly up to 42. This indicates capital expenditure completion). Borrowings remained low at ₹81 crore. Return on Equity stood at 34% last year, with ROCE declining gradually from 54% to 46% over three years.

In the most recent quarter (Q1 FY2026-27), revenue declined sequentially to ₹1,369.53 crore from Q4’s ₹1,459.72 crore, yet net profit increased slightly to ₹330.16 crore from ₹326.40 crore, driven by lower expenses (₹999.56 crore vs ₹1,079.65 crore) and finance costs. Shareholding shows stable promoter holding at 62.4%, while FIIs reduced their stake to 3.47% in Sep 2026.

- Sales momentum continues with FY2026 revenue at ₹5,215 crore (+11.6% YoY) and TTM sales at ₹5,425 crore, supporting an EPS rise to ₹17.42.
- Cash conversion strengthened materially, with operating cash flow jumping to ₹1,274 crore in FY2026 and a CFO/EBITDA ratio of 109%.
- Balance sheet reflects completed capex cycles: Fixed Assets rose to ₹839 crore while borrowings stayed low at ₹81 crore, maintaining a conservative leverage profile.
- Recent quarterly trend shows sequential revenue dip in Q1 FY2026-27 (₹1,369.53 crore) offset by expense control, keeping net profit stable at ₹330.16 crore.

### Bear Case

As of 6 November 2026, IRCTC exhibits a pronounced bearish technical posture across daily, weekly, and monthly timeframes. The stock closed at ₹457.95, reflecting a year-to-date decline of -33.2% and a one-year return of -34.9%. The current drawdown stands at -44.3%, approaching the maximum historical drawdown of -47.0%, indicating sustained downward pressure on valuation.

Technical indicators reinforce this cautionary view. The Supertrend direction is bearish on all observed timeframes. On the monthly chart, the Minus DI (25.61) significantly outweighs the Plus DI (6.82), signaling strong selling momentum over the longer term. Weekly trends show negative slopes for both the 20-day EMA (-18.29) and 50-day SMA (-25.45), confirming persistent short- to medium-term weakness. While the daily ADX (17.97) suggests relatively weak trend strength in the immediate term, the broader structural downtrend remains intact. Immediate resistance lies near ₹460.07, just 0.46% above the close, while support levels are clustered lower, with the nearest at ₹452.13.

- Significant Underperformance: The stock has declined -33.2% year-to-date and -34.9% over the past year, with a current drawdown of -44.3% nearing its maximum peak-to-trough low of -47.0%.
- Bearish Technical Structure: Supertrend signals are bearish across daily, weekly, and monthly charts; monthly Minus DI (25.61) dominates Plus DI (6.82), indicating strong underlying selling pressure.
- Negative Momentum Slopes: Weekly 20-day EMA slope (-18.29) and 50-day SMA slope (-25.45) are deeply negative, reflecting consistent downward price trajectory over recent weeks.
- Key Levels: Immediate resistance is tight at ₹460.07 (+0.46%), while nearest support rests at ₹452.13 (-1.27%); a break below support could expose further downside toward ₹447.32.

- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Board Comments on fines levied by the Exchanges for non-compliances of certain Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_28102026122246_BoardCommentonStockExchangepenalty.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_19102026220457_stxintimationggmservices19102026.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261019_220631132.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_15102026172401_STXintimationregappointmentRajKumarVerma.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261015_172704809.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_15102026193117_GSTATcaseReply.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange regarding a press release dated October 15, 2026, titled "IRCTC Partners with Quality Council of India (QCI) for Digital, Third-Party Food Safety and Hygiene Audit". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCTC_15102026194146_STXintimationpressrelease.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 62.4 | PUBLIC_VAL: 37.6 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 09-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734943_09102026042705_WEB.xml)

### FAQs

**What upcoming event could impact IRCTC's stock price?**

The Board of Directors is scheduled to meet on November 12, 2026, to consider and approve the Unaudited Financial Results for the half-year ended September 2026. This filing is a key catalyst as it will provide updated financial performance data following recent management changes and regulatory compliance updates.

**How has IRCTC's stock performed over the past year?**

Over the trailing twelve months, the stock has declined by 34.9%. Year-to-date returns stand at -33.2%, with a maximum drawdown of -47.0% recorded during the period. The current market capitalization is ₹36,616 crore, and the stock closed at ₹457.95 on November 6, 2026.

**What regulatory issues has IRCTC faced recently?**

On October 28, 2026, IRCTC disclosed fines totaling ₹2,046,120 levied by the NSE and BSE for non-compliances with SEBI Listing Regulations in Q2 FY2026-27 and FY2025-26. The Board attributed these delays to external factors, including the Ministry of Railways' delay in appointing Independent Directors and late comments from the C&AG regarding the AGM.

- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about Board Comments on fines levied by the Exchanges for non-compliances of certain Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_28102026122246_BoardCommentonStockExchangepenalty.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_19102026220457_stxintimationggmservices19102026.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261019_220631132.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/IRCTC_15102026172401_STXintimationregappointmentRajKumarVerma.pdf)
- [INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261015_172704809.xml)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/IRCTC_15102026193117_GSTATcaseReply.pdf)
- [Indian Railway Catering And Tourism Corporation Limited has informed the Exchange regarding a press release dated October 15, 2026, titled "IRCTC Partners with Quality Council of India (QCI) for Digital, Third-Party Food Safety and Hygiene Audit". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/IRCTC_15102026194146_STXintimationpressrelease.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 62.4 | PUBLIC_VAL: 37.6 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 09-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734943_09102026042705_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹460.07
- Risk regime: Higher Price Risk

### Support levels
- 447.325
- 435
- 452.1333333333333

### Resistance levels
- 513.9
- 534.3125
- 547.65

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.05% |
| return_10 | +3.75% |
| return_1m | +0.69% |
| return_1y | -34.89% |
| return_20 | +1.80% |
| return_3m | -12.01% |
| return_5 | +4.99% |
| return_6m | -20.04% |
| return_since_start | -41.95% |
| return_ytd | -33.21% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -46.95% |
| annualized_volatility | +23.42% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Rose 18% Year on Year, But Profit Was Nearly Flat as Expenses Grew Faster

For the quarter ended 30 June 2026, Indian Railway Catering And Tourism Corporation Limited reported revenue from operations of ₹1,369.53 crore, up 18.1% from ₹1,159.68 crore in the same quarter last year. Profit before tax was ₹441.68 crore, essentially unchanged from ₹442.13 crore a year earlier, while net profit was ₹330.16 crore, a marginal decline. The primary numerical difference was that total expenses increased 28.36% year on year, outpacing revenue growth and compressing margins.

## Revenue Performance

Revenue from operations was ₹1,369.53 crore in the quarter, representing an 18.1% increase compared to the year-ago quarter and a 6.18% decrease from the immediately preceding quarter’s ₹1,459.72 crore. Across the five reported quarters, revenue was lower in the first two quarters of the prior fiscal year (₹1,145.99 crore to ₹1,159.68 crore) and higher in the third and fourth quarters (₹1,449.47 crore to ₹1,459.72 crore). The current quarter’s revenue sits above the prior year’s first-half levels but remains below those second-quarter peaks, indicating a higher starting point than the prior year without reaching the highest levels recorded in the previous fiscal year.

## Cost Structure and Margins

Reported expenses totaled ₹999.56 crore, an increase of 28.36% from ₹778.74 crore in the year-ago quarter. In absolute terms, expenses rose by ₹220.82 crore, exceeding the revenue increase of ₹209.85 crore. As a result, the expense-to-revenue ratio rose to 73.0% from 67.2% a year earlier, and the pre-tax profit margin declined from 38.1% to 32.3%. 

Sequentially, expenses decreased by 7.42% from the previous quarter, a slightly larger reduction than the 6.18% decline in revenue. This brought the expense-to-revenue ratio down from roughly 74.0% in the prior quarter to 73.0%, though the current ratio remains well above the year-ago level.

## Profitability and Earnings

Profit before tax was ₹441.68 crore, down 0.1% from ₹442.13 crore a year earlier and the lowest figure among the five reported quarters. Net profit (profit/loss for the period) was ₹330.16 crore, down 0.16% year on year, but up 1.15% sequentially from ₹326.40 crore. The sequential rise in net profit occurred because tax expense declined more sharply than profit before tax did. Tax expense fell from ₹120.27 crore in the previous quarter to ₹111.53 crore in the current quarter. Tax expense represented approximately 25.3% of profit before tax, compared with 25.2% a year earlier and 26.9% in the previous quarter.

Basic and diluted earnings per share were ₹4.13, matching the year-ago quarter’s level. The paid-up equity share capital remained constant at ₹160 crore across all reported quarters. Finance costs were ₹4.32 crore in the quarter, a small amount relative to profit before tax; they ranged between ₹4.32 crore and ₹4.79 crore across the five reported periods.

## Segment Reporting

The reported segment revenue from operations and segment profit before tax matched the company-level totals in each quarter. The quarterly movements discussed above therefore reflect the entity-wide results rather than a breakdown across individual business lines.

## Key Takeaway

Revenue increased 18.1% year on year, but profit before tax and net profit were essentially flat because expenses grew faster than sales. The pre-tax profit margin fell from 38.1% to 32.3%, and earnings per share matched the prior year’s level. While the company operated at a higher revenue base than a year ago, it retained less of each rupee of revenue as pre-tax profit.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +62.40%
- FII holding: +3.91%
- DII holding: +14.86%
- Mutual fund holding: +3.41%
- Retail holding: +17.26%
- Promoter pledged: +0.00%

### Major reported shareholders

- Central Government/ State Government(s) — +62.40%
- LIFE INSURANCE CORPORATION OF INDIA — +10.73%
- ICICI PRUDENTIAL LARGE & MID CAP FUND — +2.78%

## Official filings

- 2026-11-05 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- 2026-11-05 — Board Meeting Notice: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17586_WebXMLFile_20261105_152352758.xml)
- 2026-10-28 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_28102026122246_BoardCommentonStockExchangepenalty.pdf)
- 2026-10-19 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_19102026220457_stxintimationggmservices19102026.pdf)
- 2026-10-19 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261019_220631132.xml)
- 2026-10-15 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_15102026172401_STXintimationregappointmentRajKumarVerma.pdf)
- 2026-10-15 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20261015_172704809.xml)
- 2026-10-15 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_15102026193117_GSTATcaseReply.pdf)
- 2026-10-15 — Press Release: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_15102026194146_STXintimationpressrelease.pdf)
- 2026-10-09 — Shareholding Disclosure: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734943_09102026042705_WEB.xml)
- 2026-10-06 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_06102026153740_STXIntimationREG74_30092026.pdf)
- 2026-09-30 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_30092026175942_SEchairmanspeech27AGM.pdf)
- 2026-09-30 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_30092026180539_STXintimation_AOA_Amendment.pdf)
- 2026-09-30 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_30092026181409_SEfillingvotingresultsof27thAGM.pdf)
- 2026-09-29 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_29092026183516_SEFilingforProceedingsof27AGM.pdf)
- 2026-09-23 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_23092026161952_TradingWindowClosureSTX_30092026.pdf)
- 2026-09-23 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_17586_WebXMLFile_20260923_163002178.xml)
- 2026-09-18 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_18092026114153_Niche_99_Capability_and_Certifications_18092026.pdf)
- 2026-09-16 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_16092026180346_CRISILESGRatingsAnalyticsLimited16092026.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_09092026182053_STXintimationstatutoryauditor202627.pdf)
- 2026-09-09 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17586_WebXMLFile_20260909_182524311.xml)
- 2026-09-08 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_08092026152100_STXNewspaperpostdipatch08092026.pdf)
- 2026-09-07 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_07092026124109_SEintimationfornotice27thAGM.pdf)
- 2026-09-07 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_17586_WebXMLFile_20260907_132222573.xml)
- 2026-09-06 — Generic Announcement: Indian Railway Catering And Tourism Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IRCTC_06092026131107_STXnewspaper060926.pdf)

## News and market events

- 2026-10-20 — Times of India: **Indian Railways cracks down on food quality issues after passenger complaints; IRCTC partners with QCI for surprise audits on trains and stations with digital evidence to speed up action** — The food quality on trains may see an improvement with the Quality Council of India (QCI) looking to appoint certified professionals to carry out — [Source](https://timesofindia.indiatimes.com/business/india-business/indian-railways-cracks-down-on-food-quality-issues-after-passenger-complaints-irctc-partners-with-qci-for-surprise-audits-on-trains-and-stations-with-digital-evidence-to-speed-up-action/articleshow/135045412.cms)
- 2026-09-30 — BUSINESSTODAY: **IRCON, RITES, Jupiter Wagons, Texmaco shares surge: What's happening with railway stocks?** — IRCON International, RITES, Jupiter Wagons, Texmaco Rail, Oriental Rail Infrastructure, RailTel, RVNL, IRFC, Container Corporation of India, IRCTC, Titagarh Rail Systems, railway stocks, railway shares, railway sector, railway stocks today, railway shares rally — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-rites-jupiter-wagons-texmaco-shares-surge-whats-happening-with-railway-stocks-558813-2026-09-30)
- 2026-09-30 — MONEYCONTROL: **Ircon, RVNL, IRCTC, other railway PSU shares rise up to 14% amid heavy volumes** — Ircon share price today, RVNL shares, IRCTC share price today news — [Source](https://www.moneycontrol.com/news/business/markets/ircon-rvnl-irctc-other-railway-psu-shares-rise-up-to-14-amid-heavy-volumes-14041873.html)
- 2026-09-23 — BUSINESSTODAY: **IRCTC, Ixigo, RateGain, TBO Tek: Top travel stocks to buy; check fresh targets, ratings and more** — travel stocks, travel stocks India, Choice Institutional Equities, RateGain Travel Technologies, TBO Tek, Ixigo, IRCTC, RateGain share price, TBO Tek share price, Ixigo share price, IRCTC share price, travel sector stocks, travel stocks to buy, RateGain target price, TBO Tek target price, Ixigo target price, IRCTC target price, best travel stocks in India, travel stocks India target price, Choice Buy rating on RateGain, Choice Buy rating on TBO Tek, Choice Buy rating on IRCTC, Choice Add rating on Ixigo — [Source](https://www.businesstoday.in/markets/trending-stocks/story/irctc-ixigo-rategain-tbo-tek-top-travel-stocks-to-buy-check-fresh-targets-ratings-and-more-557304-2026-09-23)
- 2026-09-23 — BUSINESSTODAY: **ESDS stock surges 302%, emerges as second-best new listing; stock that tops the list** — ESDS share price, ESDS share price today, ESDS shares, ESDS news, ESDS Software share price, ESDS Software  share price today, Paras Defence share price — [Source](https://www.businesstoday.in/markets/trending-stocks/story/esds-shares-surge-302-emerge-as-second-best-new-listing-stock-that-tops-the-list-557172-2026-09-23)
- 2026-09-22 — BUSINESSTODAY: **IRCTC share price target: Choice says railway stock warrants premium; here's why** — IRCTC share price, IRCTC share price target, IRCTC shares, IRCTC news, IRCTC ticket, IRCTC ticket online — [Source](https://www.businesstoday.in/markets/stocks/story/irctc-share-price-target-choice-says-railway-stock-warrants-premium-heres-why-556965-2026-09-22)
- 2026-09-12 — Mint: **IRCTC clocks record ticket bookings ahead of festive rush; daily volume breaches 20-lakh mark for first time: Report | Today News** — IRCTC recorded an all-time high of 20,06,353 ticket bookings on September 7, crossing the 20-lakh single-day mark for the first time. — [Source](https://www.livemint.com/news/india/irctc-clocks-record-ticket-bookings-ahead-of-festive-rush-daily-volume-breaches-20-lakh-mark-for-first-time-report-11789182290445.html)
- 2026-09-11 — MONEYCONTROL: **Railways record highest 1-day booking with over 20 lakh tickets amid festive rush** — indian railways, IRCTC booking, festive rush, railways record breaking ticket bookings — [Source](https://www.moneycontrol.com/news/india/railways-record-highest-1-day-booking-with-over-20-lakh-tickets-amid-festive-rush-14028112.html)
- 2026-09-11 — BUSINESSTODAY: **How IRCTC pulled a record 2 million train ticket booking on a single day** — How IRCTC pulled a record 2 million train ticket booking on a single day — [Source](https://www.businesstoday.in/india/story/how-irctc-pulled-a-record-2-million-train-ticket-booking-on-a-single-day-554997-2026-09-11)
- 2026-09-11 — Times of India: **IRCTC records highest-ever 20.06 lakh ticket bookings in a day; system capacity doubled as festive rush drives demand, 19.51 lakh more booked next day** — India Business News: The Indian Railway Catering and Tourism Corporation (IRCTC) has set a new ticket booking record! Online booking of train tickets now accounts for 89% . — [Source](https://timesofindia.indiatimes.com/business/india-business/irctc-records-highest-ever-20-06-lakh-ticket-bookings-in-a-day-system-capacity-doubled-as-festive-rush-drives-demand-19-51-lakh-more-booked-next-day/articleshow/134054231.cms)
- 2026-09-11 — BUSINESSTODAY: **Railway stocks: IRFC, IRCTC shares hit fresh 52-week lows; share price targets and more** — IRFC share price outlook, IRCTC stock, IRFC share price falls, railway stocks outlook, Indian railway stocks news, IRFC stock advice, IRCTC share price target, railway sector stocks India, railway stocks recovery, IRFC investor guidance, stock market sector rotation, railway budget announcements impact, IRFC technical analysis, Indian PSU railway stocks, railway stocks, IRFC hold or sell, Business Today Daily Calls, Indian stock market trends, sectoral investing India — [Source](https://www.businesstoday.in/markets/stocks/story/railway-stocks-irfc-irctc-shares-hit-fresh-52-week-lows-share-price-targets-and-more-554816-2026-09-11)
- 2026-09-11 — Economic Times: **'IRCTC not working': Train ticket booking users flood social media with 'unable to process request', say new website is 'worse than before'** — IRCTC Down Today? IRCTC users have reported repeated “Unable to Process Request” errors, slow loading and booking failures over the past two days, with several passengers taking to social media to complain that they were unable to book tickets despite trying repeatedly. — [Source](https://economictimes.indiatimes.com/news/new-updates/irctc-not-working-train-ticket-booking-users-flood-social-media-with-unable-to-process-request-say-new-website-is-worse-than-before/articleshow/134043254.cms)
- 2026-09-08 — FREEPRESSJOURNAL.IN: **IRCTC Reveals 28% Of Online Railway Ticket Bookings Come Through Paytm, MakeMyTrip, ixigo And Other Third-Party Platforms** — Nearly 28% of India’s online railway tickets are booked through IRCTC’s third-party business associates, including Paytm, MakeMyTrip and ixigo. IRCTC says 89% of tickets are booked online, while Paytm reported strong Q1 FY27 consumer UPI growth and rising transaction activity. — [Source](https://www.freepressjournal.in/tech/irctc-reveals-28-of-online-railway-ticket-bookings-come-through-paytm-makemytrip-ixigo-and-other-third-party-platforms)
- 2026-08-15 — MONEYCONTROL: **IRCTC says up to 30% passengers opt out of prepaid meals to save catering charges** — IRCTC, IRCTC train food, IRCTC catering charges, train meal opt out, IRCTC prepaid meals, Indian Railways food, IRCTC catering, train food booking, IRCTC eCatering, railway catering — [Source](https://www.moneycontrol.com/news/business/irctc-says-up-to-30-passengers-opt-out-of-prepaid-meals-to-save-catering-charges-14006243.html)
- 2026-08-13 — BUSINESSTODAY: **Top stocks in news: Apollo Hospitals, Jio Financial, IRCTC, UltraTech, GMR, Lenskart, TMCV** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Apollo Hospitals Enterprises, Jio Financial Services, IRCTC, UltraTech Cement, GMR Airports, Lenskart Solutions, Tata Motors Commercial Vehicles, Astral, IRCTC, Petronet LNG, Sun TV Network, Vascon Engineers, Gujarat Pipavav Port — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-apollo-hospitals-jio-financial-irctc-ultratech-gmr-lenskart-tmcv-548888-2026-08-13)
- 2026-08-12 — Mint: **IRCTC Q1 Results: Revenue rises 18%, profit remains largely flat at  ₹330 crore** — IRCTC reported a net profit of 330.16 crore for the June quarter, slightly down from 330.71 crore a year ago. Revenue rose 18.1% to 1,369.53 crore YoY but fell 6.2% sequentially. Tourism revenue declined sharply, while catering showed strong growth. — [Source](https://www.livemint.com/market/stock-market-news/irctc-q1-results-revenue-rises-18-profit-remains-largely-flat-at-rs-330-crore-11786550554016.html)
- 2026-08-11 — CNBC-TV18: **Market Pulse: Key triggers to watch before the August 12 trading session** — Indian investors will track developments around the US-Iran talks, after Pakistan Defence Minister Khawaja Asif said that “things are shaping up again in favor of a peace arrangement”. US markets were largely flat amid uncertainty over a possible agreement, while crude oil prices hovered around $90 a barrel. Investors will also watch the US July Consumer Price Index (CPI) and core CPI data for cues on the impact of higher energy prices on inflation and consumer costs amid the Iran conflict.Domestically, India’s July CPI inflation data will be released in the evening. The market will track the print amid concerns over the impact of a weak monsoon on the economy. On the earnings front, Hindustan Aeronautics Ltd (HAL), Grasim Industries Ltd, Tata Motors, Apollo Hospitals Enterprise Ltd and GMR Airports are among the major companies scheduled to report their Q1 FY27 results on Wednesday. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-august-12-trading-session-19966901.htm)
- 2026-07-18 — Economic Times: **IRFC Share Price Today, IRFC Stock Price Live NSE/BSE Updates | The Economic Times** — IRFC Share Price Today - Get live NSE/BSE quotes of IRFC with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more. — [Source](https://economictimes.indiatimes.com/indian-railway-finance-corporation-ltd/stocks/companyid-12523.cms)
- 2026-07-16 — Times of India: **IRCTC launches upgraded booking portal after 24 years: New beta website promises quicker, smoother and hassle-free train ticket bookings with 4 major upgrades** — Tech News News: Indian Railway Catering and Tourism Corporation (IRCTC) has unveiled the beta version of its website makeover with a more user-friendly design, includ. — [Source](https://timesofindia.indiatimes.com/technology/tech-news/irctc-launches-upgraded-booking-portal-after-24-years-new-beta-website-promises-quicker-smoother-and-hassle-free-train-ticket-bookings-with-4-major-upgrades/articleshow/132439862.cms)
- 2026-07-15 — FREEPRESSJOURNAL.IN: **IRCTC Launches Beta Version Of Redesigned Ticket Booking Website With Faster, Cleaner & More User-Friendly Interface** — IRCTC launched the beta version of its redesigned ticket booking website on Wednesday, offering a faster and simpler booking experience. The portal reduces captchas, displays seat availability across classes and allows saved passenger details. The Railway Ministry said user feedback during the trial phase will help improve the platform before the final version rollout. — [Source](https://www.freepressjournal.in/mumbai/irctc-launches-beta-version-of-redesigned-ticket-booking-website-with-faster-cleaner-more-user-friendly-interface)
- 2026-07-15 — Economic Times: **IRCTC new website launch today: Check new train ticket booking features and upgrades here** — IRCTC New Website Launch Date & Time: The IRCTC ticket booking website has been redesigned for improved performance. Passengers will experience faster page loads and higher booking capacity starting today. New features include seat preferences and a fare calendar for user convenience. The upgraded platform supports multiple Indian languages and integrates concession bookings. This relaunch is part of broader Indian Railways reforms for better infrastructure. — [Source](https://economictimes.indiatimes.com/news/new-updates/irctc-new-website-launch-today-check-new-train-ticket-booking-features-and-upgrades-here/articleshow/132404834.cms)
- 2026-07-14 — Economic Times: **IRCTC appoints Rajneesh Narain as chief financial officer** — IRCTC appointed Rajneesh Narain as its Chief Financial Officer with immediate effect. Narain's appointment as CFO took effect on July 14, 2026, following board approval. He joined IRCTC as Director (Finance) on June 15, 2026, bringing extensive coal sector experience. Narain previously held finance leadership roles at Northern Coalfields and South Eastern Coalfields. He also served as CFO for subsidiaries of South Eastern Coalfields for six years. — [Source](https://cfo.economictimes.indiatimes.com/news/leadership/irctc-appoints-rajneesh-narain-as-chief-financial-officer/132387204)
- 2026-07-14 — CNBC-TV18: **Sensex Today | Stock Market Live Update: Nifty down 150 points; HCLTech, Shriram Finance top losers** — Stock Market Live Update: The market resilience gets put to test yet again today during the weekly options expiry of the Nifty contracts. 24,000 and 23,800 on the downside remain the key levels for the index, while 24,250 - 24,350 on the upside remains a supply zone. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-oil-hpcl-ongc-ril-banks-hcltech-ltts-tata-elxsi-share-price-liveblog-19944620.htm)

## Business profile

**Strategic vision:** Online ticketing, catering, tourism, and water for Indian Railways.

### Business segments
- **Internet Ticketing:** Sole authorized entity for online rail ticket sales in India via website and mobile app, charging convenience fees and integrating payments.
- **Catering Operations:** Manages on-board catering, food plazas, refreshment rooms, base kitchens, and static catering units at railway stations.
- **Tourism & Hospitality:** Offers tour packages combining rail and air travel, accommodation, and sightseeing, including premium rail tourist packages.
- **Packaged Drinking Water:** Produces and sells packaged drinking water under the Rail Neer brand to trains, stations, and institutional buyers.

### Competitive strengths
- Sole authorized entity for online rail ticket sales in India.
- Exclusive operational scope within the Indian Railways ecosystem.
- Integrated service offerings across ticketing, catering, tourism, and water.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/irctc
Markdown representation: https://faxioms.com/stocks/irctc?render=md