India's IRCTC hits record high as Q3 profit jumps nearly three-fold

Indian Railway Catering and Tourism

13/02/2020 05:18

** Shares of India's ticketing, catering and tourism
services provider for the railways  INIR.NS , popularly known as
IRCTC, rise as much as 13.8% to a record high of 1609.80 rupees
    ** IRCTC on Wednesday posted nearly three-fold rise in
Dec-qtr profit after tax from cont ops to 2.06 bln rupees
($28.85 mln)  urn:newsml:reuters.com:*:nFWN2AC0LV
    ** Co's Dec-qtr rev from ops rose 64.6% to 7.16 bln rupees
    ** Q3 profit before tax and other items rose across 3 of
IRCTC's 5 segments, led by a 433.7% jump in the internet
ticketing segment (http://bit.ly/2SoxNFm)
    ** IRCTC had a bumper market debut in October last year,
with its shares more than doubling their value in an IPO that
was subscribed nearly 112 times  urn:newsml:reuters.com:*:nL3N26Z10A     
    ** IRCTC also declared an interim dividend of 10 rupees per
share 
    ** At session high, IRCTC stock has gained more than five
times in value from its IPO issue price of 320 rupees  

($1 = 71.4125 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))