IRCTC Q1 Results today: Stock inches lower ahead of quarterly results

IRCTC Q1 Results: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) are in focus ahead of Q1 results. The counter opened in green at Rs 934.40 but soon fell down to Rs 917.05 amid selling pressure. Last seen, the counter was trading at Rs 918.65 - a fall of 0.62 per cent from the previous close of Rs 924.35 on the BSE.

Earlier, IRCTC - the only firm authorised by the Indian Railways to manage food services onboard trains and provide online railway ticket booking services - reported a consolidated net profit of Rs 284.2 crore for the quarter ended March 31, up 1.9 per cent on a year-on-year basis.

Its quarterly revenue grew to Rs 1,154.8 crore from Rs 965 crore a year ago, according to a regulatory filing. 

Meanwhile, the Indian Railway and National Capital Region Transport Corporation (NCRTC have collaborated to promote the 'One India - One Ticket' initiative, enhancing the travel experience for passengers on the mainline railway and Namo Bharat trains, a statement said on Monday.

This collaboration aims to provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services, it said.

After booking an IRCTC train e-ticket, users can now opt to book a Namo Bharat train tickets for up to eight travellers per booking as an add-on service. The RRTS booking option will be displayed on the PNR confirmation page and will also be accessible from the user's train ticket booking history, the statement said.

A unique QR code will be generated for each RRTS ticket and conveniently printed on the electronic reservation slip (ERS), it said.

The QR codes will be valid for a period of four days, starting from the day before the RRTS journey date, the travel date itself, and two days after the journey date. Each passenger on the train ticket will receive their own Namo Bharat ticket with a dedicated QR code, ensuring a hassle-free travel experience, it stated.

All Namo Bharat tickets booked for a single train ticket will share the same origin and destination stations for all passengers. The tickets can be booked up to 120 days in advance, aligning with the current railway reservation window (ARP), the statement said.