IRCTC Net Profit For September Quarter Sees Multifold Rise To Rs 158 Crore

Indian Railways' catering arm IRCTC on Monday recorded a multifold rise in its internet revenue for the second quarter of the present fiscal, which stood at Rs 158.6 crore, up from Rs 32.6 crore in the course of the corresponding interval of final yr.The state-owned firm's income from operations additionally soared to Rs 404.9 crore within the September quarter of 2021-22 from Rs 88.6 crore within the corresponding quarter of earlier yr.Segment-wise, the income from web ticketing grew to Rs 265.3 crore in the course of the quarter from Rs 58.3 crore a yr in the past, whereas that from catering rose to Rs 71.4 crore from Rs 17.2 crore within the year-ago quarter. Revenue from Rail Neer grew to Rs 41.2 crore from Rs 9.2 crore a yr in the past, whereas that from tourism rose to Rs 27.1 crore from Rs 3.9 crore in September quarter final yr.The firm stated it doesn't foresee any hostile impression on the provision chains as and when the enterprise is resumed totally wherever the operations had been curtailed or have stay suspended on account of the pandemic.