BQ Blue’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s leading brokers, asset managers and research agencies. These reports offer BloombergQuint subscribers the opportunity to broaden their understanding of companies, sectors and the economy.
Indian Railway Catering and Tourism Corporation Ltd. continued to show significant sequential improvement in revenue and profitability due to the easing of Covid-19 restrictions and vaccination.
Longer term, the business will benefit from increased licensing revenue in catering and catering returning to pre-Covid levels. Additionally, with the second sleeper category still being booked, we expect internet ticketing to remain robust.
We expect the railway and tourism to also improve thanks to the easing of the Covid restriction, the improvement in the rate of vaccination and the increase in travel.
Additionally, in addition to Internet ticketing, IRCTC’s focus on online catering initiatives and increased revenue from advertising and licensing fees bodes well for the long-term profitability of the IRCTC. ‘business.
Click on the attachment to read the full report:
This report is written by an external party. BloombergQuint does not guarantee the accuracy of its content and is not responsible for it. The content of this section does not constitute investment advice. For this, you should always consult an expert based on your individual needs. The views expressed in the report are those of the authoring entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify or distribute content without permission from the original owner.