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IRCTC Q3 Results Preview, Expectations: Results to be amazing, analyst Varun Dubey tells Anil Singhvi
The Q3FY22 results of the Indian Railway Catering and Tourism Corporation (IRCTC) are going to be declared tomorrow.
The Q3FY22 results of the Indian Railway Catering and Tourism Corporation (IRCTC) are going to be declared tomorrow. Meanwhile, questions on performance, the triggers for good results are rife. Varun Dubey, Senior Research Analyst at Zee Business spoke to Zee Business Managing Editor Anil Singhvi and shared his predictions.
Varun Dubey is very positive for the IRCTC results. The reason he mentioned for this positivity is the significant increase in the revenues, margins and profits of the company.
Dubey reminds that the catering business of the IRCTC holds a big margin business. However, due to covid, the facilities were strictly closed and trains were restricted. But now the trains are getting back on track with the increase in the numbers. Food and water facilities also got resumed. So, its benefits will also be added to the results. And this also becomes the reason for positive results, he added.
Varun also predicted that the revenue will be increased by 135% which means it will increase from Rs 224 crores to Rs 525 crores. The EBITDA is about to increase to 178 crores. Since the high-margin business is now running in full swing, the company will get the benefit from it.
The increase in margins will be around 7.5% - 8% - means from 42.3% to around 50%. The profit is also going to increase from Rs 78 crores to around Rs 205 crores. So, at every scale, the results of this company are going to be amazing.
For More Details Watch Full Video Here:
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Q3 में कैसे रहेंगे IRCTC के नतीजे?
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