IRCTC Q4 FY26 Revenue Hits Record Rs. 1,460 Crores

Event Type: Earnings Conference Call to discuss financial results for the quarter (Q4) and year ended 31st March 2026.
Date and Time: The call was held on Wednesday, May 27, 2026. A specific time was not disclosed in the transcript.
Purpose: Discussion of quarterly and annual financial results and operational performance.
Management Participants: The call was attended by:
Mr. Sanjay Kumar Jain, CMD
Mr. Sudhir Kumar, Director of Finance and CFO (not present due to personal reasons)
Mr. Rahul Himalian, Director (Tourism & Marketing)
Mr. Manoj Sharma, Director (Catering Services)
Moderator: The call was moderated by Mr. Rahul Jain from Dolat Capital Markets Private Limited.
Compliance: The document is a submission under Regulation 30 of the SEBI (LODR) Regulations, 2015. The transcript itself is the enclosed outcome of the meet.

Full Year FY26 Performance (Ended March 31, 2026):

Revenue from operations stood at Rs. 5,215 crores, a growth of 11.55% YoY (vs. Rs. 4,675 crores in FY25).
Total Revenue was Rs. 5,475 crores, up 11.64% YoY.
EBITDA was Rs. 1,666 crores, up 7.48% YoY (vs. Rs. 1,550 crores).
Profit After Tax (PAT) was Rs. 1,393 crores, up 6% YoY.
The company declared a total dividend of Rs. 720 crores for FY26 (Rs. 680 cr interim + Rs. 40 cr final proposed).

Segment-wise Performance for FY26:

Catering: Revenue of Rs. 2,399 crores (up 12.89% YoY).
Rail Neer: Revenue of Rs. 391 crores (up 3.17% YoY); Profit grew 21.74%.
Internet Ticketing: Revenue of Rs. 1,536 crores (up 7.71% YoY); Profit grew 7.55%.
Tourism: Revenue of Rs. 890 crores (up 19.46% YoY); Profit grew 36.17%.

Q4 FY26 Performance:

Revenue from operations was Rs. 1,460 crores, up 15.05% YoY (vs. Rs. 1,269 crores in Q4 FY25).
Profit was Rs. 447 crores, compared to Rs. 472 crores in Q4 FY25.
EBITDA was Rs. 399 crores, with an EBITDA margin of 27.33%.
The dip in profit and margin was attributed to exceptional items, including the non-recurrence of a Rs. 48 crore legacy income from the previous year, higher CSR allocation (Rs. 31 cr vs. Rs. 7 cr), and higher ECL provisioning (Rs. 16 cr vs. Rs. 8 cr).

Segment-wise Performance for Q4 FY26:

Tourism: Revenue of Rs. 304 crores (up 10.95% YoY); EBITDA margin at 16%.
Internet Ticketing: Revenue of Rs. 390 crores (up 4.56% YoY); EBITDA margin at 76%; Market share of reserved railway tickets is 89%.
Catering: Revenue of Rs. 671 crores (up 26.84% YoY); Margins were impacted by a higher mix of train catering and pilot initiatives.
Rail Neer: Revenue of Rs. 95 crores (up 3.26% YoY); Margins improved due to operational efficiencies.

Key Q&A Takeaways from Management:

Capital Allocation: Priorities are improving e-ticketing infrastructure, expanding Rail Neer (4 new plants, expansion of 2 existing), and entering the hotel business. A buyback is a decision for DIPAM/Ministry of Finance.
Margins: The company aims to maintain ~30% EBITDA margins long-term. The Q4 dip to 27% was due to exceptional items; the FY26 margin was 31.95%.
Convenience Fee: No immediate plans to change the structure.
Payment Aggregator License: Application is on track for the RBI's August 2026 deadline; a tech partner has been onboarded.
Election Special Trains: Generated revenue of Rs. 2.38 crores in Q4 and Rs. 6.77 crores for the full year.

The document is the enclosed transcript of the earnings call, submitted as an attachment to the stock exchanges.
Financial data was extensively disclosed during the call, as detailed in the summary above.
The Director of Finance, Mr. Sudhir Kumar, was not present on the call due to a personal casualty in his family.