IRCTC
IRCTC is growing, with a record 20.06 lakh ticket bookings on September 7 (Times of India, 11 Sept), and catering now makes up 46% of revenue (NDTV Profit, 14 Oct). Yet EBITDA margin fell to 32.2% from 46.8%, and Rail Neer runs at around 15.5 lakh bottles a day against 17.77 lakh capacity (NDTV Profit).
What it means Investors face a lower-margin IRCTC even as volumes climb.
Our arithmetic · not a reported figureChange
- −₹90 crorefrom Q4 FY26 revenue to Q1 FY27 revenue
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 5 stories, the newest dated 3 Oct 2026. Summary written 10 Oct 2026. Newer developments are under Latest moves.
IRCTC runs an e-catering portal and the Food on Track app, through which passengers order food on trains. [1] source: Financial Express
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The e-catering service launched in 2014 and is available at more than 300 railway stations, with 1323 as its food order helpline. [1] source: Financial Express IRCTC also runs the train-ticket booking journey that passengers use to search trains, select class and enter passenger details. [2] source: Business Today
A Financial Express article in October 2026 resurfaced an October 2023 advisory in which IRCTC told passengers to order train food only through its e-catering portal or Food on Track app. The advisory listed Railrestro, Railmitra, Travelkhana and Railmeal as unauthorised vendors. [1] source: Financial Express For Q4FY24, reported in May 2024, IRCTC posted net profit of Rs 284 crore, up two per cent from Rs 279 crore in Q4FY23. Revenue from operations rose 19 per cent to Rs1,155.8 crore. [3] source: Business Standard Its board declared a final dividend of Rs 4 per share for FY24, subject to shareholder approval. [3] source: Business Standard In September 2026, Choice Institutional Equities initiated coverage on IRCTC with a Buy rating. [4] source: Business Today
In September 2026, an Instagram creator, Manthan Jethwani, claimed that GPT-6 Astra navigated IRCTC to search Mumbai-Rajkot trains, select AC class and fill two passengers' details. The agent stopped at payment, where OTP, CAPTCHA and security controls required human intervention. [2] source: Business Today PayG, an Indian payments company, plans a consumer application featuring train ticket booking and IRCTC integration. [5] source: Outlook Business
Sources
Questions about IRCTC
How fast is IRCTC growing in India?
IRCTC reported revenue from operations up 19 per cent to Rs1,155.8 crore in Q4FY24, announced in May 2024. Net profit for the quarter was Rs 284 crore, up two per cent from Rs 279 crore in Q4FY23. [3] source: Business Standard
More stories about IRCTC
- IRCTC says third-party apps drive 28% of online rail-ticket bookings
- IRCTC launches 7-day Mumbai–Sikkim–Darjeeling air tour from Rs 56,200
- IRCTC fines food licensees ₹5.13 crore, terminates six contracts over quality violations
- IRCTC launches ₹3.46 lakh, 10-day escorted Japan holiday package from Delhi
- IRCTC CMD Sanjay Kumar Jain exits July 20 after Navratna-status tenure
Stories that mention IRCTC
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IRCTC is named in these stories but is not their subject.