IRCTC has delivered impressive financial performance for the quarter ended December 31, 2025, demonstrating strong growth across key business segments and maintaining its position as a leading player in railway catering and tourism services.

Financial Performance Overview

The company's standalone financial results for Q3 FY26 showcase robust operational performance with significant year-on-year improvements across major financial metrics.

For the nine-month period ended December 31, 2025, IRCTC maintained consistent growth momentum with revenue from operations reaching ₹375,514.36 lakhs compared to ₹340,624.11 lakhs in the corresponding period of the previous year, representing a 10.2% increase.

Segment-wise Performance Analysis

IRCTC's diversified business portfolio delivered strong results across all major segments during Q3 FY26.

The Internet Ticketing segment continues to be the most profitable division, generating segment profit of ₹34,116.13 lakhs in Q3 FY26. The Tourism segment showed exceptional growth of 29.3%, reflecting strong demand recovery in the travel sector.

Dividend Declaration and Corporate Actions

The Board of Directors approved several key decisions during their meeting held on February 12, 2026:

This dividend declaration demonstrates the company's commitment to rewarding shareholders while maintaining strong cash flows for business operations and growth initiatives.

Exceptional Items and Legal Developments

During the nine-month period, IRCTC recorded exceptional income of ₹1,670.58 lakhs, which included ₹580.49 lakhs from reduction in charges for Tejas Express trains and ₹1,090.09 lakhs from excess provisions written back for previous years.

The company achieved a significant legal victory when the Hon'ble Supreme Court ruled in IRCTC's favor on November 7, 2025, regarding an arbitration matter involving ₹7,471.65 lakhs. This judgment has eliminated potential financial liability and provides operational clarity for the company.

Operational Highlights

IRCTC's operational efficiency improvements are reflected in its margin expansion and cost management. The company's profit before tax margin improved to 34.8% in Q3 FY26 from 35.6% in Q3 FY25, while maintaining strong revenue growth across all segments.

The company continues to face certain regulatory challenges, including matters related to catering tariff enhancements and GST input tax credit reconciliation with Developer Cum Operators of Rail Neer plants. However, management remains confident about resolving these issues through appropriate legal and administrative channels.

With strong financial performance, diversified revenue streams, and successful resolution of key legal matters, IRCTC is well-positioned to capitalize on the growing demand for railway services and tourism in India.

IRCTC has announced that its Board of Directors will convene on February 12, 2026, to review the company's quarterly performance and consider shareholder returns. The meeting, scheduled in compliance with SEBI regulations, will address key financial matters for the third quarter of fiscal year 2025-26.

Board Meeting Agenda

The board meeting will focus on two primary objectives as outlined in the company's regulatory filing. The directors will consider and approve the unaudited financial results for both standalone and consolidated operations covering the quarter and nine months ended December 31, 2025. These results will be reviewed by the Audit Committee before board approval.

Interim Dividend Consideration

The board will deliberate on declaring a 2nd interim dividend for the financial year 2025-26. In accordance with SEBI regulations, the company has established February 20, 2026, as the record date for determining eligible shareholders for the interim dividend payment, should the board approve the distribution.

Trading Window Restrictions

As per the company's Internal Code of Conduct for Prevention of Insider Trading, trading restrictions are currently in effect. The trading window closed on January 1, 2026, and will remain closed until 48 hours after the financial results declaration, extending through February 14, 2026. During this period, insiders are prohibited from dealing in IRCTC shares.

Regulatory Compliance

The board meeting notification has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting and associated timelines. IRCTC trades on BSE under scrip code 542830 and on NSE under the symbol IRCTC.

The company secretary and compliance officer, Suman Kalra, has signed the regulatory filing on behalf of Indian Railway Catering & Tourism Corporation Limited, ensuring all stakeholders are informed of the upcoming corporate actions and trading restrictions.