DMRC to offer QR code-based Delhi Metro tickets on IRCTC platform
Indian Railway Catering and Tourism Corporation (IRCTC) on Monday inked an agreement with Delhi Metro Rail Corp to provide QR code-based metro tickets through its platform. The initiative is set to benefit the passengers of both IRCTC and DMRC. “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that IRCTC has signed a MoU with Delhi Metro Rail Corporation (DMRC) on August 14, 2023 for providing QR code based DMRC tickets through IRCTC Platform," IRCTC said in the press release.
It further read, “This innovative initiative is set to benefit passengers of both IRCTC and DMRC by streamlining the travel experience and reducing the time spent in queues at stations." The announcement came after IRCTC announced the results for the first quarter of the current financial year. The profit stood at ₹232.22 crore with a decline of 5% on a year-on-year(YoY) basis. The company's profit in the fourth quarter of the last financial year was at was ₹279 crore.
On segment-wise performance, IRCTC's revenue from the internet ticketing business declined 4 percent to ₹290 crore in the April-June quarter, from ₹302 crore during the same period the previous year. The revenue from the tourism business rose 58 percent to ₹130 crore in the June quarter, up from ₹82 crore in the corresponding period last year. The revenue from the catering segment rose 35 percent to ₹471 crore during the June quarter, compared to ₹352 crore in the year-ago period.
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