IRCTC jumps 12.5% on strong Q3 nos; Co announces interim dividend of Rs 10

Indian Railway Catering and Tourism Corporation (IRCTC), the lately-outlined on-line ticketing, tourism and the catering arm of railways, jumped more than 12 for each cent on Thursday, a day just after the firm posted solid established of quantities for the quarter ended December 31, 2019.

At 09:28 am, the inventory was quoting around ten for each cent larger at Rs 1,559 apiece on the BSE. It strike a high of Rs 1,596.ninety five in the early trade in opposition to prior near of Rs 1,418.ninety five. In comparison, the S&P BSE Sensex was buying and selling .fourteen for each cent reduce at 41,508 stages.

For the quarter underneath evaluation, IRCTC posted a whopping 178 for each cent year-on-year (YoY) jump in its internet earnings at Rs 206 crore in opposition to Rs seventy four crore earnings in the corresponding quarter of the prior fiscal.

Full revenue throughout the period of time stood at Rs 735 crore, up 62 for each cent in opposition to Rs 454 crore in the year-back period of time.

Standard earnings for each share (EPS) of the firm was at Rs 12.86 in opposition to Rs four.6 in the December quarter of the prior fiscal.

The firm also declared interim dividend of Rs ten. Document day for the similar has been established as 25 February, 2020.

IRCTC shares ended up outlined on October fourteen, 2019. The inventory made a stellar debut on the bourses by listing at Rs 644, a one zero one for each cent quality more than its issue value of Rs 320 for each share on the BSE. Due to the fact retail investors received shares at a discount of Rs ten for each share, for them the issue value stood at Rs 310 for each share. The inventory on that day experienced settled at Rs 728.6 apiece on the BSE.

Due to the fact October fourteen, the inventory has jumped ninety five for each cent (as of Wednesday’s near) in opposition to around nine for each cent increase in the S&P BSE Sensex.