Tuesday, November 2, 2021



IRCTC slips despite posting strong Q2 PAT earnings

Net margins at 39.16% were better than 36.85% on a yoy basis in Sep-20 quarter and substantially better compared to NPM of just 33.91% in the Jun-21 quarter.

Shares of IRCTC Ltd declined in trade on Tuesday despite reporting a good set of Q2FY22 numbers on Tuesday.

The consolidated profit after tax (PAT) for the Sep-21 quarter was up 386% at Rs158.57cr on the back of a gradual return to normalcy and regular activity. IRCTC saw EBIT growth that was more than 3.5 times in internet ticketing.

The company reported 357.25% growth in total revenues for the Sep-21 quarter on a consolidated basis at Rs404.94cr. The revenues were up by 66.39% on a sequential basis compared to Rs243.37cr revenues in the Jun-21 quarter.

Stock Outlook

For long term hold . In short term will remain sideways having good support near 822.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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