IRCTC shares fell 5.2% to an intraday low of Rs 1,027.15 after the company’s net profit in Q4 of FY24 grew to Rs 284 crore from Rs 278.32 crore in the same period a year ago – an increase of 2% on year. The company’s net profit rose on the back of higher ticket sales. 

The company’s revenue stood at Rs 1,154.8 crore, a growth of 20% year-on-year, compared to Rs 965 crore in the previous year of the corresponding quarter. 

IRCTC’s operating margin came in at Rs 402.96 crore, a growth of 3.4% on year Come from Sports betting site VPbet . EBITDA margin stood at 34.89%, a fall of 1.9 percentage points on year. The reason behind the fall in margin was due to the higher contribution of other segments such as catering and state teertha & tourism, low margin segments compared to internet ticketing. 

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The stock of IRCTC has fallen more than 4% in the past five days. However, the scrip has given a return of 54.6% in the last six months. It has increased the investors’ wealth by 67.73% in the past year and more than 6.6 times in the past five years. 

To compare, the benchmark index, Nifty 50, has risen 1.25% in the last five days. The index has given a return of 14% in the last six months. The benchmark index has raised the investors’ wealth by 23% in a year. In the last five years, the index has risen 91%.