IRCTC Q1 Results Live: Net profit likely to rise 6.7% to ₹262 crore; revenue growth seen at 9.3% YoY

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₹1.9 billion, as per estimates by brokerage firm Prabhudas Lilladher.IRCTC’s earnings before interest, taxes, depreciation and amortization (EBITDA), which is operating profit, during Q1FY24 is expected to rise by 4.9% to ₹336.7 crore from ₹320.9 crore, YoY, according to analysts’ estimates.EBITDA margin during the quarter may decline by 150 basis points (bps) to 36.1% from 37.6% in the year-ago quarter.IRCTC is likely to report a topline, or revenue, of ₹932.2 crore in the quarter ending June 2023, witnessing a growth of 9.3% from ₹853.6 crore in the corresponding quarter of last year, by catering and tourism business.However, on a sequential basis, IRCTC’s Q1 revenue is expected to fall by 3.4% from ₹965 crore in the March quarter.IRCTC share price traded higher ahead of the release of Q1 results 2023 today. IRCTC stock price gained as much as 0.72 to ₹647.90 apiece on the BSE.On Tuesday, IRCTC shares ended at ₹643.25 apiece.IRCTC’s net profit in the quarter ended June 2023 is expected to rise 6.7% to ₹262 crore from ₹246 crore in the same quarter last year.