Indian Railways 🚆 share quarterly results | IRCTC share news | Q4 2021 results of IRCTC - YouTube

Hi, today we will talk about IRCTC's quarterly results but let us first talk about the company

Indian Railway Catering and Tourism Corporation was incorporated on 27th Sept 1999 as an extended arm of Indian Railways

It is a mini ratan central public enterprise under the Ministry of Railways, GOI

The main aim is to upgrade, professionalize, and manage catering and hospitality services on stations, trains and other places

Other than this, they promote domestic and international tourism by use of several means like

development of budget hotels, special tour packages, information, commercial publicity, and global reservation system

Other than this we will take you into the Q4 results and compare its performance with 2020, so let's start

Now let us start the Q4 discussion divided into 3 parts, firstly comparing this result to Q4FY20

Followed by comparing Q4FY21 to Q3FY21, and finally comparing FY20 and FY21

You can see the table where on the left you can see Q4FY21 and Q4FY20

And can see the revenue, profit before tax, and profit after tax, but here is a problem

that if you compare these quarters, the company was operating in the normal capacity in FY20

but in FY21, it was working on a restricted capacity due to covid because of which an automatic downfall is seen in the company's business

And from this, you won't have an appropriate estimate reason being the covid restrictions

So if you compare the number of Q4FY21 to Q3FY21, it will be a better indicator

As compared to the last quarter, the net profit rose by 33% and revenue by 46%

And if you compare FY20 with FY21, both revenue and PAT have decreased by 63%

Now we will compare the different segments of IRCTC, first being the comparison of Q4FY20 and Q4FY21

followed by a comparison of Q3 and Q4 of FY21, and then FY20 with FY21

At the top left corner, you can see the Q4FY20 and Q4FY21

In this only internet ticketing is the only segment that performed better than the pre-covid levels with a 10% positive figure

Others like Catering is -70%, Rail Neer is -45%, and Tourism is -69%

And the reason being the same of normal capacity in Q4FY20 and restricted in Q4FY21

Hence a better comparison would be Q3 and Q4 of FY21

The biggest jump is seen in Tourism QoQ by 104%

If we see the segment operating profits, only internet ticketing has shown 14% YoY and 59% QoQ rise

All others have been in losses, Tourism being the worst performer with losses by 42 Cr and revenue at 31.58 Cr

Now lastly, I would like to tell you the changes on YoY in FY20 and FY21

All the 4 segments, catering, rail neer, ticketing, and tourism have seen a downfall on YoY basis

Catering is down by 78%, Rail neer by 74%, ticketing by 28%, and tourism by 82%

Another thing, that the company declared a Rs.5 per share final dividend in FY21

We have taken out some insights from the investor results con call of Q4FY21

First being that IRCTC has urban clusters around which they operate their trains

and want additional capital for their expansion for which they are searching for external partners for strategic partnerships

Point number 2 that their bus ticketing has also picked up because of which they are planning to do marketing activities with their partners

IRCTC currently has 450 contacts of catering in these trains and 100 are in the pipeline

The booking of sleeper class is 40% and second class is 36%

The ticketing rise is due to the rise in internet bookings

The rail neer plants of Bhusawal, HP and Vijayawada will be completed in FY22 and Kota and Bhubaneshwar by FY23

Other than this, 1500 trains are running with reservation facilities available

So with this we have come to the end of our coverage, I hope you liked it

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