Railway PSU stocks announce dividend along with quarterly results

Business Business: Railway giant Indian Railway Catering and Tourism (IRCTC) has announced its quarterly results. Government company IRCTC told Xdanch on Monday that its profit after tax was Rs 307.86 crore. IRCTC’s profit grew 4.4 per cent year-on-year. In the same quarter a year ago, the company had a profit of Rs 294.67 crore. Along with the quarterly results, IRCTC has also announced its dividend and earnings date. Let us tell you that the company’s shares closed down by about 2 per cent at Rs 816.20 on the BSE on Monday. The company earned a revenue of Rs 1,063.99 crore in the second quarter of the current financial year. The company’s sales grew 7.2 per cent annually. IRCTC’s revenue in the same quarter a year ago was Rs 992.40 crore.

IRCTC has decided to declare a dividend of Rs 4 per share with a face value of Rs 2. Investors get a 200% profit per share. The company has set November 14 as the record date for payment of interim dividend for 2024-25. We inform you that the registration date is the day on which the company verifies the suitability of eligible investors.

In the last year, the share price of the railroad company has increased by only 23 per cent. However, the Sensex has gained 22.40 per cent during this period. IRCTC shares have fallen by 15 per cent in the last three months. Let us tell you that the 52-week high of this railway stock on BSE is Rs 1,148.30 and the 52-week low is Rs 658.25.