- On a standalone basis, IRCTC’s net profit jumped 179.6% to ₹205.80 crore in Q3
- Revenue from internet ticketing segment surged 310.16% YoY to ₹226.90 crore
Shares of IRCTC Ltd on Thursday hit a 52-week high of ₹1976 on the BSE, delivering a whopping 500% return to its IPO investors after listing on the bourses.
The stock ended at ₹1927.75 apiece, up 5.30% from its previous close on BSE, while the benchmark Sensex lost 0.37% to close at 41,170.12 points.
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Investors have been bullish ever since IRCTC Ltd was listed on the stock exchanges on 14 October 2019 at ₹644, a premium of 101.25% to the IPO price of ₹320.
On a standalone basis, IRCTC’s net profit jumped 179.6% to ₹205.80 crore in third quarter against from ₹73.60 crore in a year-ago period. Net sales rose 64.6% to ₹715.98 crore in October-December period from ₹435.01 in the same period a year ago.
Source: livemint
