IRCTC share price down 3.5% ahead of Q3 earnings, dividend announcement

Marking the fourth straight session of decline, the IRCTC stock fell as much as 3.45% on Tuesday to hit the day’s low of ₹747 apiece on the NSE. The stock is down almost 5% in the past five trading sessions and has corrected nearly 17% in the last one year.

IRCTC shares are under pressure amid a negative sentiment prevailing in the broader equity markets for the past couple of weeks driven by weak corporate earnings, uncertainties over the US trade policy and consistent foreign outflows from Indian markets.

As far as IRCTC Q3FY25 earnings are concerned, experts are predicting a growth in the company’s net profit and revenue over the year-ago period due to the addition of multiple new trains, including Vande Bharat and Tejas trains.

IRCTC’s board of directors will also consider declaration of the second interim dividend for 2024-25 during their meeting today.

“The 'Record Date' will be Thursday, February 20, for determining the eligibility of shareholders for payment of the said Interim Dividend, if declared by the Board of Directors,” the company had said in a stock exchange filing last month.

The state-owned company has also scheduled a conference call for investors and analysts to discuss its Q3FY25 numbers at 5 pm on Tuesday.

During the previous quarter ended September 2024, IRCTC recorded a 4.47% increase in its net profit to ₹307.86 crore compared to ₹294.67 crore in the year-ago period.

Its revenue from operations increased 7.2% to ₹1,063.99 crore in Q2FY25 compared to ₹992.40 crore in the same quarter of the preceding fiscal.

The board of directors, at the meeting to consider Q2 results, also announced an interim dividend of ₹4 per share on equity shares with a face value of ₹2 per share for FY 2024-25.

Shares of IRCTC were trading 3.37% lower at ₹747.6 apiece on the NSE at 2:02 pm.