Indian Railway Catering and Tourism Corporation Ltd. (IRCTC)
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27 September 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity, and global reservation systems. The authorized capital of the company is 250 crores and paid-up capital is 160 crores, fully subscribed by Ministry of Railways, Government of India. It’s registered and Corporate Office is situated at New Delhi.
At present, the company has 14 rail neer plants, 11 base kitchens, 353 stations covered with their e-catering services, five zonal offices, one internet ticketing and tourism office.
As a responsible corporate citizen, IRCTC has made several contributions towards Covid relief work. During FY2019-20, IRCTC has contributed Rs 1.5 crores to PM CARES fund to strengthen the fight to contain the spread of COVID-19. The company spent a total of over Rs. 1.7 Crores on development of aspirational districts across the country. IRCTC also provided equipment support, food, and financial support of Rs 50 Lakhs for assistance towards COVID-19. An allotment of 33% of the total CSR funds were made towards Swatch Bharat Activities. The company has been constantly making large contributions towards CSR activities.
Their shareholding pattern include Promoters having 67.4% shares, FIIs having 8.17% shares, DIIs having 10.33% shares and Public having 14.10% shares.
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of ₹ 358.25 Crore, up 46.08% from last quarter Total Income of ₹ 245.23 Crore and down 39.86% from last year same quarter Total Income of ₹ 595.70 Crore. Company has reported net profit after tax of ₹ 103.78 Crore in latest quarter. The Board of Directors have Recommended a Final Dividend of Rs. 5/- per equity share.
The result of IRCTC is competent.
