Indian Railway Catering And Tourism Corporation Limited — Investor Meet, 19-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

IRCTC posted robust Q1 FY27 results: PAT of INR 330 Cr on INR 1,370 Cr revenue, up 18.1% YoY. EBITDA stood at INR 386 Cr, with a 28.17% margin. Catering revenue surged 33.82% to INR 732 Cr, boosted by onboard sales and license fees. Internet Ticketing (INR 361 Cr) sustained 80%+ EBITDA margins despite IT infrastructure investments and a temporary dip in non-convenience fees due to website redesign. Rail Neer (INR 109 Cr) margins were affected by higher raw material costs. Tourism (INR 168 Cr) margins improved, benefiting from Non-Fare Revenue initiatives like train branding. Management focuses on customer experience, digital transformation (iPay license pending), and Rail Neer capacity expansion. HR and pilot project costs temporarily impacted catering margins. The company expresses confidence in future growth.