IRCTC shares extend gains to second straight day ahead of Q4 results; will there be a dividend announcement?
IRCTC shares saw mild gains on Monday as investors awaited the company's quarterly results due later in the day.
Indian Railway Catering and Tourism Corporation (IRCTC) shares saw mild gains on Monday as investors awaited the company's quarterly results due later in the day. IRCTC is the only firm authorised by the Indian Railways to offer online railway ticket booking services in the country and manage food services on trains.
IRCTC share price
IRCTC shares rose by as much as Rs 5.5 or 0.9 per cent to Rs 629.9 apiece on BSE, amid broad-based gains in the market.
What to expect in IRCTC Q4 results?
According to Zee Business research, IRCTC is likely to report a consolidated net profit of Rs 258.6 crore for the three-month period — which translates to an increase of 20.9 per cent on a year-on-year basis. The analysts estimate the company's revenue growth at 36.3 per cent, to Rs 942 crore, compared with the corresponding period a year ago.
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IRCTC's margin — a key measure of profitability for a business — is expected at 35.72 per cent as against 40.31 per cent a year ago, according to Zee Business analysts.
IRCTC shares: Past performance
IRCTC shares finished the March quarter with a loss of 10.5 per cent, worse than a 4.1 per cent decline in the headline Nifty index.
Will IRCTC also announce a dividend?
IRCTC dividend history
Here's a glance IRCTC's dividend announcements in the recent past. The company has declared six dividends since the listing of its shares in October 2019.
|Dividend announcement date||Dividend type||Dividend amount (in rupees per share)||Dividend ex-date|
|February 9, 2023||Interim||3.5||February 22, 2023|
|May 30, 2022||Final||1.5||August 18, 2022|
|February 8, 2022||Interim||2||February 17, 2022|
|June 29, 2021||Final||5||September 21, 2021|
|July 10, 2020||Final||2.5||October 19, 2020|
|February 12, 2020||Interim||10||February 24, 2020|
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