IRCTC’s FY16 turnover chugs ahead to Rs1,506 cr, profit gallops to Rs 189 cr
Riding on a robust performance of all its verticals, the Indian Railway Catering and Tourism Corporation (IRCTC) achieved a turnover of Rs 1,506 crore in 2015-16 as compared to Rs 1,141 crore in 2014-15, registering a growth of 32 per cent.
The company’s net profit was pegged at Rs 189 crore during the period as against Rs 131 crore a year earlier.
The net worth of IRCTC, a ‘mini Ratna’ PSU of Indian Railways, during the fiscal 2015-16 was Rs 542.07 crore while it was Rs 444.25 crore in the previous financial year, as per the 17th Annual Report (2015-16) which was presented at the company’s AGM held on Tuesday (Sept 27).
The profit before tax was Rs 308.6 crore as compared to Rs 214 crore in 2014-15 while profit after tax (PAT) was Rs 188.63 crore (Rs 130.63 crore in the previous year), Further, IRCTC paid a dividend of Rs 75.45 crore as compared to Rs 26.13 crore in 2014-15.
The company, which has forayed into hospitality and outbound tourism in a big way, earned foreign exchange worth Rs 35.23 crore in 2015-16 as compared to Rs 21.89 crore in the preceding year.
With regard to the segment-wise distribution of IRCTC’s income, Internet Ticketing accounted for 43%, followed by Tourism (26%), Departmental Catering (18%), Rail Neer or packaged drinking water (8%) and Licensee catering (5%).