IRCTC Q3 Results 2024: Date and Time, Share Price and Target

News: The Indian Railway Catering and Tourism Corporation (IRCTC), which is important for travel and tourism in India, is going to share how well it did in the third quarter of 2023-2024. Let’s see what they’ve got to say.

When Did It Happen?

IRCTC shared its Q3 results on February 9, 2024, between 3:30 PM and 4:45 PM. People who have invested in IRCTC and those interested in its performance were waiting to hear about it.

Financial Summary

Here are the main money details from IRCTC’s Q3 results:

1. Revenue: IRCTC made about Rs 1,069.6 crore in Q3FY24. That’s 7.5% more than last quarter and 16.5% more than this time last year.
2. EBIT (Earnings Before Interest and Taxes): They earned about Rs 377 crore, which is 6.9% more than last quarter and 19.5% more than this time last year.
3. Net Profit: IRCTC’s profit is expected to be about Rs 306.6 crore in Q3FY24. That’s 4.1% more than last quarter and 21.3% more than this time last year.

Share Price and Target

We don’t know the exact share price and target yet, but these are important for investors. The performance of IRCTC affects its stock value and how investors feel about it. We’ll keep you updated on this.

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As IRCTC keeps being a big part of travel and tourism in India, its Q3 results show how well it’s doing. These results give us a good idea of how efficient it is, how much money it’s making, and how profitable it is. Investors and people interested in IRCTC are eager to know more about these numbers.

FAQ’s

Question: Why are IRCTC’s earnings in Q3 of 2024 important?

Answer: IRCTC’s earnings in Q3 of 2024 hold significant importance because they give us valuable insights into how well the company is doing financially and what strategies they might be considering.

Question: What kind of services does IRCTC provide?

Answer: IRCTC offers a range of services including catering, hospitality, internet ticketing, travel, tourism, and the production of Rail Neer packaged drinking water.

Question: How much is IRCTC worth in terms of market capitalization?

Answer: IRCTC’s market capitalization stands at an impressive 74.12 trillion INR, indicating its strong position in the market.