Tuesday, November 2, 2021

IRCTC POSTED STRONG Q2 PAT EARNING | STOCK OUTLOOK

     


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.


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