Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indian Railway Catering & Tourism Corporation Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 965 | 1,002 | 992 | 1,118 | 1,155 | 1,118 | 1,064 | 1,225 | 1,269 | 1,160 | 1,146 | 1,449 | 1,460 |
| Expenses + | 640 | 659 | 626 | 724 | 792 | 743 | 691 | 808 | 883 | 762 | 742 | 984 | 1,061 |
| Operating Profit | 325 | 343 | 367 | 394 | 363 | 375 | 373 | 417 | 385 | 397 | 404 | 465 | 399 |
| OPM % | 34% | 34% | 37% | 35% | 31% | 34% | 35% | 34% | 30% | 34% | 35% | 32% | 27% |
| Other Income + | 65 | -13 | 47 | 31 | 41 | 54 | 60 | 56 | 107 | 61 | 69 | 81 | 67 |
| Interest | 4 | 4 | 4 | 5 | 5 | 3 | 3 | 3 | 8 | 4 | 4 | 5 | 5 |
| Depreciation | 11 | 14 | 14 | 14 | 16 | 14 | 13 | 13 | 12 | 12 | 11 | 12 | 14 |
| Profit before tax | 375 | 312 | 395 | 406 | 382 | 412 | 417 | 457 | 472 | 442 | 457 | 529 | 447 |
| Tax % | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 25% | 24% | 25% | 25% | 25% | 27% |
| Net Profit + | 279 | 232 | 295 | 300 | 284 | 308 | 308 | 341 | 358 | 330 | 342 | 394 | 327 |
| EPS in Rs | 3.48 | 2.90 | 3.68 | 3.75 | 3.55 | 3.85 | 3.85 | 4.27 | 4.47 | 4.13 | 4.27 | 4.93 | 4.08 |
Financials of Indian Railway Catering & Tourism Corporation Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,059 | 1,367 | 1,520 | 1,466 | 1,870 | 2,264 | 777 | 1,879 | 3,541 | 4,260 | 4,675 | 5,215 |
| Expenses + | 907 | 1,176 | 1,206 | 1,192 | 1,487 | 1,562 | 589 | 1,005 | 2,265 | 2,794 | 3,124 | 3,549 |
| Operating Profit | 152 | 190 | 314 | 274 | 383 | 703 | 188 | 874 | 1,276 | 1,466 | 1,551 | 1,666 |
| OPM % | 14% | 14% | 21% | 19% | 20% | 31% | 24% | 47% | 36% | 34% | 33% | 32% |
| Other Income + | 82 | 139 | 67 | 99 | 126 | 77 | 124 | 72 | 148 | 106 | 276 | 277 |
| Interest | 0 | 0 | 3 | 3 | 2 | 10 | 8 | 11 | 16 | 19 | 17 | 18 |
| Depreciation | 20 | 21 | 22 | 24 | 29 | 40 | 46 | 49 | 54 | 57 | 53 | 50 |
| Profit before tax | 214 | 309 | 355 | 346 | 479 | 730 | 258 | 885 | 1,354 | 1,496 | 1,757 | 1,875 |
| Tax % | 39% | 39% | 35% | 36% | 36% | 30% | 27% | 26% | 26% | 26% | 25% | 26% |
| Net Profit + | 131 | 189 | 229 | 221 | 309 | 513 | 187 | 660 | 1,006 | 1,111 | 1,315 | 1,393 |
| EPS in Rs | 13.06 | 18.86 | 11.45 | 11.03 | 3.86 | 6.41 | 2.34 | 8.24 | 12.57 | 13.89 | 16.43 | 17.42 |
| Dividend Payout % | 20% | 40% | 49% | 21% | 98% | 39% | 43% | 42% | 44% | 47% | 49% | 52% |
Financials of Indian Railway Catering & Tourism Corporation Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 40 | 40 | 160 | 160 | 160 | 160 | 160 | 160 | 160 | 160 |
| Reserves | 424 | 522 | 747 | 915 | 911 | 1,154 | 1,296 | 1,710 | 2,318 | 3,070 | 3,503 | 4,148 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 79 | 105 | 84 | 60 | 90 | 81 |
| Other Liabilities + | 718 | 895 | 1,040 | 1,365 | 1,523 | 1,928 | 1,618 | 1,909 | 2,526 | 2,801 | 3,046 | 3,190 |
| Total Liabilities | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,241 | 3,153 | 3,884 | 5,089 | 6,091 | 6,799 | 7,579 |
| Fixed Assets + | 155 | 159 | 170 | 190 | 182 | 285 | 311 | 335 | 351 | 343 | 813 | 839 |
| CWIP | 16 | 14 | 17 | 8 | 40 | 16 | 24 | 26 | 34 | 443 | 27 | 42 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 25 |
| Other Assets + | 990 | 1,264 | 1,639 | 2,122 | 2,372 | 2,941 | 2,818 | 3,522 | 4,704 | 5,306 | 5,934 | 6,674 |
| Total Assets | 1,162 | 1,437 | 1,826 | 2,319 | 2,594 | 3,241 | 3,153 | 3,884 | 5,089 | 6,091 | 6,799 | 7,579 |
Financials of Indian Railway Catering & Tourism Corporation Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 69 | 288 | 338 | 24 | 499 | 409 | 248 | 524 | 812 | 882 | 834 | |
| Cash from Investing Activity + | -46 | 7 | 94 | 40 | -353 | 8 | -453 | -242 | -317 | -215 | -239 | |
| Cash from Financing Activity + | -17 | -31 | -136 | -57 | -179 | -280 | -47 | -258 | -434 | -404 | -910 | |
| Net Cash Flow | 6 | 263 | 296 | 7 | -33 | 137 | -252 | 23 | 61 | 262 | -316 | |
| Free Cash Flow | -1 | 266 | 306 | -11 | 445 | 374 | 170 | 503 | 744 | 650 | 787 | |
| CFO/OP | 91% | 208% | 152% | 55% | 173% | 95% | 167% | 92% | 97% | 91% | 80% |
Financials of Indian Railway Catering & Tourism Corporation Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 43 | 70 | 137 | 115 | 125 | 245 | 111 | 118 | 118 | 135 | 132 |
| Inventory Days | 15 | 13 | 11 | 11 | 23 | 26 | 50 | 27 | 18 | 16 | 15 | |
| Days Payable | 62 | 80 | 237 | 218 | 568 | 451 | 4,492 | 2,391 | 1,595 | 1,483 | 1,371 | |
| Cash Conversion Cycle | 4 | -24 | -157 | -70 | -430 | -300 | -4,197 | -2,252 | -1,459 | -1,349 | -1,221 | 132 |
| Working Capital Days | -20 | -51 | -35 | -10 | -65 | -35 | -137 | -29 | 3 | 20 | 56 | 40 |
| ROCE % | 63% | 54% | 40% | 44% | 62% | 16% | 51% | 59% | 54% | 49% | 46% |