Mumbai, Nov 7 (SocialNews.XYZ) Indian Railway Catering and Tourism Corporation Ltd on Tuesday reported a 30.4 per cent jump in net profit to Rs 294.67 crore for the July-September quarter of 2023-24, against profit of Rs 226 crore in the same quarter of the previous financial year.
The higher profit was attributed to an increase in ticket and catering sales. The total revenue of the company touched Rs 995.31 crore, rising 23.5 per cent from Rs 805.80 crore in the same period last year, according to IRCTC’s regulatory filing.
Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter worked out to Rs 366.5 crore which represents an increase of 20.2 per cent. EBIDTA margin was at 36.8 per cent as compared to 37.8 per cent in the same quarter of the previous year.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz