LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

IRCTC’s e-ticketing revenue drops due to withdrawal of service charges

 IRCTC sold around 209 million tickets via online platform in FY17 which saw an increase of 5% from 199 million tickets sold in the previous fiscal.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
IRCTC’s e-ticketing revenue drops due to withdrawal of service charges
Representational Image: Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 30, 2018
02:46 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio
Indian Railways reactivates UTS ON MOBILE App in these zones Indian Railways reactivates UTS ON MOBILE App in these zones
IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650 IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650
IRCTC ticket booking: Get 'cheaper' tickets, these benefits on air.irctc.co.in and IRCTC App IRCTC ticket booking: Get 'cheaper' tickets, these benefits on air.irctc.co.in and IRCTC App
Exclusive: In chat with Anil Singhvi, IRCTC CMD Rajni Hasija reveals outlook, bus ticket booking service, private trains and more Exclusive: In chat with Anil Singhvi, IRCTC CMD Rajni Hasija reveals outlook, bus ticket booking service, private trains and more

The government decision to withdraw service charges during demonetisation period has hit the Indian Railway Catering and Tourism Corp's e-ticket booking revenue, said an Economic Times report.
 
The IRCTC’s internet ticketing revenue witnessed a drop of 26% to Rs 466.05 crore in fiscal year 2016-17, said the report.
 
IRCTC would enjoy service charge ranging between Rs 20 and Rs 40 on AC e-ticketing, but this mechanism was removed in the month of November 2016.
 
Internet ticketing comes as the second-largest category for the IRCTC at around 33% of total revenue.
 
Data showed that IRCTC sold around 209 million tickets via online platform in FY17, which saw an increase of 5% from 199 million tickets sold in the previous fiscal.
 
Together, these 209 million tickets aggregated up to Rs 24,485.21 crore in FY17.
 
Despite witnessing a decline on e-ticketing revenue, IRCTC still outruns MakeMyTrip which recorded 9.3 million ticket sales in FY17 valuing up to Rs 14,800 crore.
 
Apart from this, IRCTC also registered a growth of 4.7% in total income to Rs 1,596.31 crore in FY17. While both gross margin and profit before tax came in at Rs 353.42 crore and Rs 211.71 crore which grew by over 7%.
 
Earlier in October 2017, Indian Railways has extended the deadline for passengers to enjoy no service charges on their e-ticket booking till March 2018.
 
During fiscal FY16, about one-third of IRCTC’s revenue of Rs 1,500 crore came from internet booking which stood at Rs 540 crore.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IRCTCservice chargeIRCTC service chargeIRCTC e-ticket bookingIRCTC e-ticket revenueIRCTC internet bookingIndian Railwaysrailway passengerse-ticket service chargeEconomyIndian Railway Catering and Tourism CorpDemonetisation
RELATED NEWS
IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio IRCTC, Ashok Leyland share price outlook decoded by Bonanza Portfolio
Indian Railways reactivates UTS ON MOBILE App in these zones Indian Railways reactivates UTS ON MOBILE App in these zones
IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650 IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650
IRCTC ticket booking: Get 'cheaper' tickets, these benefits on air.irctc.co.in and IRCTC App IRCTC ticket booking: Get 'cheaper' tickets, these benefits on air.irctc.co.in and IRCTC App
Exclusive: In chat with Anil Singhvi, IRCTC CMD Rajni Hasija reveals outlook, bus ticket booking service, private trains and more Exclusive: In chat with Anil Singhvi, IRCTC CMD Rajni Hasija reveals outlook, bus ticket booking service, private trains and more

LATEST NEWS

Samsung Galaxy A12 Review: Smartphone ticks the right boxes in budget segment

Alec, Hilaria Baldwin welcome sixth child

PAN Aadhaar Link: Last date is fast approaching! Failing to do this may lead to Rs 10,000 penalty

Gold Price Today 2-03-2021 – MCX Gold cheaper by Rs 400 on Tuesday morning, Silver expensive by Rs 69; BUY or SELL?

MTAR Technologies IPO date: Issue opens on March 3, 2021 | Key competitive strengths, risks and more - EXPLAINED

Kartik Aaryan''s ''Dhamaka'' set for an OTT release

Good news for Vi users! Vodafone Idea subscribers to get health insurance benefit on mobile recharges

LIVE: Gujarat District Panchayat Elections Results 2021: Check latest local body polls seats, trends, news updates here

EXCLUSIVE - Maritime Summit 2021: Cochin Shipyard, Shipping Corporation set to emerge as big beneficiaries

PUBG Mobile update: PUBG Mobile New State game may not be launched in India?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved