IRCTC reports strong Q2 FY26 earnings, profit up 11%

IRCTC reported a profit after tax of Rs. 342 crores for Q2 FY26, marking an 11% year-on-year increase. Total revenue from operations reached Rs. 1,146 crores, up 7.71% from the previous year, with total revenue for the quarter at Rs. 1,209 crores, reflecting a 7.5% increase. The company's EBITDA rose by 8.31% to Rs. 404 crores, with an improved EBITDA margin of 35.25% compared to 35.05% in Q2 FY25, indicating successful cost management.

Internet ticketing remained a key driver, generating Rs. 386 crores in revenue with 4% growth year-on-year and an EBITDA margin of 85%. The catering segment saw an 8% increase in revenue to Rs. 520 crores, maintaining a stable EBITDA margin of 13%. The tourism segment demonstrated particularly strong growth, with revenue reaching Rs. 150 crores, a 20.97% increase year-on-year, and an improved EBITDA margin of 7%. Rail Neer also contributed Rs. 91 crores, growing 4.6% with a 10% EBITDA margin.

IRCTC is also pursuing a payment aggregator business, having received in-principle approval from RBI, and plans to develop a unified travel portal to cross-sell products and enhance customer experience. The company reported booking 13.55 crores tickets during the quarter, with a convenience fee share of Rs. 252 crores and UPI transactions accounting for 49.81%.