- IRCTC reported a net income of 3.41 billion rupees for the third quarter, a 14% increase year-over-year, surpassing the estimated 3.29 billion rupees.
- The company’s revenue rose to 12.2 billion rupees, marking an 8.9% increase from the previous year, exceeding the forecast of 11.87 billion rupees.
- Total costs for IRCTC in the third quarter were 8.24 billion rupees, which is an 11% rise compared to the same quarter last year.
- IRCTC declared a dividend of 3 rupees per share for its shareholders.
- Despite the positive earnings report, IRCTC shares fell by 2.9%, closing at 750.95 rupees with a trading volume of 1.24 million shares.
- Current analyst recommendations for IRCTC stocks include 4 buys, 2 holds, and 3 sells.
A look at Indian Railway Catering and Tourism Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Indian Railway Catering and Tourism Corporation Limited (IRCTC) using their proprietary Smart Scores system. With a rating of 2 for Value, 4 for Dividend, 4 for Growth, 5 for Resilience, and 3 for Momentum, the outlook for IRCTC appears positive in the long term. The company is seen as financially stable and has shown consistent growth, making it an attractive option for investors looking for steady returns.
IRCTC, which provides rail transportation, catering, and tourism services in India, seems to be well-positioned to weather market fluctuations and continue its growth trajectory. With a strong focus on resilience and growth, coupled with a solid dividend track record, IRCTC could be a promising investment opportunity in the Indian market, according to Smartkarma’s assessment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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