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I R C T C

Q1 FY27

I R C T C Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹467
Market cap₹37.3K Cr
P/E27.0
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

Operating revenue grew 18.10% YoY to INR 1370 crores in Q1 FY 2026-27, indicating strong growth momentum. IRCTC expects continued strong growth momentum driven by diversified business segments, especially Catering and Tourism. - Operating revenue grew 18.1% year-on-year in Q1 FY27 to INR 1,370 crore, indicating growth sustainability. - Passenger growth of around 8% supports increasing catering charges and revenue. - Introduction of approximately 20 new Vande Bharat sleeper trains expected to boost catering and licensing revenues by up to INR 120 crore. - Non-convenience fee revenue expected to rebound to INR 150 crore with growth in e-wallet loyalty programs, agent business tweaks, and payment gateway expansion. - Investments in digital infrastructure (approx.

From I R C T C's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • Operating revenue grew 18.10% YoY to INR 1370 crores in Q1 FY 2026-27, indicating strong growth momentum.
  • Passenger growth of 8% supports increased catering charges and higher revenue potential.
  • Introduction of ~20 new Vande Bharat sleeper trains expected in the next year, potentially adding INR 120 crores in licensing revenue.
  • Tourism segment projected to surpass INR 1000 crores next year, driven by digital integration and unified portal combining tourism and ticketing.
  • Non-convenience fee revenue expected to rebound towards INR 150 crores through expanded e-wallet loyalty programs, iPay growth, and improved agent business.
  • Internet ticketing penetration high with 89% reserved tickets booked online; convenience fee revenue growing but under review for enhancements.

2 more points from I R C T C's call on revenue

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Profitability & Margins

See what I R C T C said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • IRCTC is investing in upgrading its NGET (Next Generation e-Ticketing) infrastructure, including hardware (storage, servers, networking) and software, with about INR150 crores infused so far.
  • An additional INR10 crores was spent this quarter on maintenance of the upgraded e-ticketing system.
  • Plans are underway for an active-active disaster recovery system (likely at Secunderabad) to minimize website downtime.
  • Rail Neer capacity expansion includes augmenting existing plants:
  • Ambernath plant capacity increase from 2 lakh to 3 lakh bottles per day.
  • Danapur plant capacity increase from 1 lakh to 2 lakh bottles per day.

2 more points from I R C T C's call on capex

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Fundraising & Capital Structure

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Order Book & Pipeline

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I R C T C — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹327 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Indian Railway Catering & Tourism Corporation Ltd's management said in earlier quarters

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Frequently Asked Questions

What were I R C T C Q1 FY27 results?

Operating revenue grew 18.10% YoY to INR 1370 crores in Q1 FY 2026-27, indicating strong growth momentum. IRCTC expects continued strong growth momentum driven by diversified business segments, especially Catering and Tourism. - Operating revenue grew 18.1% year-on-year in Q1 FY27 to INR 1,370 crore, indicating growth sustainability. - Passenger growth of around 8% supports increasing catering charges and revenue. - Introduction of approximately 20 new Vande Bharat sleeper trains expected to boost catering and licensing revenues by up to INR 120 crore. - Non-convenience fee revenue expected to rebound to INR 150 crore with growth in e-wallet loyalty programs, agent business tweaks, and payment gateway expansion. - Investments in digital infrastructure (approx.

What is I R C T C share price analysis?

I R C T C currently shows a below-average growth signal. The stock trades at a P/E of 27.0 with a market cap of ₹37,332 Cr. Investors should review the full earnings analysis for detailed insights.

Is I R C T C planning capital expenditure?

IRCTC is investing in upgrading its NGET (Next Generation e-Ticketing) infrastructure, including hardware (storage, servers, networking) and software, with about INR150 crores infused so far.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.