Overview

• IRCTC posted a consolidated net profit of ₹331 crore in Q1 FY26, up 7.4% year-on-year, while operating margins rose to 34.2%.
• Revenue climbed 11.8% to ₹1,159.6 crore, driven by catering and internet ticketing businesses.
• The board approved winding up the Royale Indian Rail Tours joint venture with Cox & Kings through a petition to the NCLT in New Delhi.
• Disputes over enhanced catering licence fees and GST reimbursements for Railneer operations remain unresolved and could incur contingent liabilities.
• The board reaffirmed its confidence in IRCTC’s long-term growth prospects despite regulatory headwinds.