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IRCTC Share: Shares of Indian Railway Catering and Tourism Corporation i.e. IRCTC (IRCTC Shares) rose over 3% on Monday to Rs. closed at 677.95. The rally in the stock came after the company’s Annual General Meeting (AGM). During the IRCTC AGM, the Indian Railways PSU informed that the company has reported strong financial performance and declared a final dividend of ₹2 per share to its shareholders.
IRCTC reported strong financial performance during FY 2022-23 with total revenue of ₹ 3,661.90 crore, up from ₹ 1954.48 crore in 2021-22. EBITDA increased to ₹ 1,396.65 crore as against ₹ 949.42 crore in the previous financial year. The company’s PAT in FY 2021-22 was ₹ 659.55 crore, which has now increased to ₹ 1,005.88 crore. Both EBITDA and PAT have registered growth of 38.14 percent and 27.47 percent respectively.
The IPO was subscribed 88 times, created a frenzy in the gray market, with a price band of ₹ 99
What is the detail?
In view of the excellent performance of the company, during the AGM, a final dividend of ₹2.00/- per share (₹160 crore) has been approved for the financial year 2022-23. This is in addition to the interim dividend of ₹3.50/- per share (₹280 crore) declared in February 2023 and paid to shareholders in March 2023.