IRCTC Q3 Exam – Catering, Internet Ticketing to Generate Revenue : IDBI Capital

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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.

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