IRCTC shares attract attention ahead of the Q1 FY25 results, expected to show growth.
Analysts predict a 6.7% YoY rise in IRCTC's net profit, around ₹303 crore.
Revenue for Q1 is expected to increase by 11.2% YoY to ₹1,114 crore.
IRCTC's ticketing revenue is projected to reach ₹320 crore for the quarter.
Catering revenue is expected to grow by 7% YoY, reaching ₹510 crore.
Tourism business shows an 11% YoY growth, adding to IRCTC’s revenue.
IRCTC sets August 23, 2024, as the record date for its final FY24 dividend.
Investors keenly watch IRCTC as it prepares to release its Q1 FY25 results.
Despite expected growth, the overall travel environment remains sluggish.
Stay tuned for IRCTC's results and potential market impact following the announcements.