Indian Railway Catering And Tourism Corporation Limited — Investor Meet, 04-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IRCTC’s Q4 operating revenue grew 10% YoY to INR1,269 Cr, driven by Internet ticketing, Rail Neer, and Tourism. FY25 revenue rose 9.7% to INR4,675 Cr; EBITDA increased 5.7% to INR1,549 Cr (33.15% margin), and PAT jumped 18.3% to INR1,315 Cr. Internet ticketing margins remain strong at 82.4%, Tourism surged 38.2%, Rail Neer up 15.5%, while Catering saw flat revenue but 51% EBITDA growth. Management plans to expand Bharat Gaurav rakes and develop non-railway revenues, including a unified OTA portal. Payment aggregator license approval is underway. IRCTC shows robust growth and healthy diversification.