India's IRCTC dips to a seven-week low on lower quarterly profit
27/05/2026 06:53
BUZZ-India's IRCTC dips to a seven-week low on lower quarterly profit ** State-run Indian Railway Catering and Tourism Corp's INIR.NS shares fall as much as 2.66% to 522.90 rupees apiece, a seven-week low
** INIR reported lower March quarter profit after market hours on Tuesday amid a surge in catering services expenses
** Elevated operating costs weighed on earnings with core profit margin contracting to 27.3%, the lowest level in 21 quarters, say analysts at Investec
** The average rating of seven analysts tracking INIR is "hold"; the median price target is 715 rupees, data compiled by LSEG shows
** INIR shares are down 23.2% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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