IRCTC Q4 FY26: Revenue up 15%, ₹0.50 dividend proposed

What IRCTC reported for the March quarter

Indian Railway Catering and Tourism Corporation (IRCTC) reported a mixed set of quarterly results for the fourth quarter ended March 31, 2026. The update included headline growth in revenue alongside a decline in net profit, pointing to uneven operating performance versus the year-ago period. Along with the earnings, the board also recommended a dividend for shareholders. The combination of numbers and the corporate action is likely to keep investor focus on profitability and margin trends, not just growth.

IRCTC Q4 FY26: revenue rises, profit falls

The latest numbers showed IRCTC’s revenue at ₹1,460 crore versus ₹1,269 crore, a year-on-year increase of 15.1%. Net profit, however, came in at ₹332 crore compared with ₹357 crore, marking a decline of 7.1%. EBITDA rose to ₹399 crore from ₹385 crore, up 3.5%. Despite the EBITDA increase, the EBITDA margin fell to 27.3% from 30.4%, a contraction of 310 basis points.

The margin compression is an important data point because it explains why profit slipped even as revenue increased. The company’s update, as presented, highlights that growth in topline and operating profit did not translate into higher bottom-line profit for the quarter. For investors tracking IRCTC, this quarter stands out as one where profitability metrics moved differently from revenue.

Dividend: what IRCTC’s board recommended for FY26

Under “IRCTC Dividend 2026”, the company’s board recommended a final dividend of ₹0.50 per equity share for the financial year 2025-26. The dividend is subject to shareholder approval at the ensuing Annual General Meeting. This disclosure puts a defined next step on the dividend process: shareholder approval.

Separately, the information set also references a “2nd interim dividend” of ₹3.50 per share on equity shares with a face value of ₹2 each, described as 175% for FY 2025-26, following a board meeting on February 12, 2026. The record date mentioned for the ₹3.50 dividend is February 20, 2026. Taken together, the material indicates that FY26 has included both interim and proposed final dividend actions, with the final dividend still pending shareholder approval.

Quick table: IRCTC Q4 FY26 key numbers

How the recent numbers fit with earlier IRCTC disclosures

The dataset also includes older reference points that help frame IRCTC’s trajectory over time. For Q4 2024, IRCTC reported net profit of ₹299.9 crore, up 17.4% versus ₹255.52 crore in Q4 2023. It also reported a revenue increase of 7% in Q2 2024 to ₹1,064 crore from ₹992 crore in the same quarter of the previous year. Those snapshots were presented as evidence of a profitability and revenue growth trend across earlier periods.

In addition, the feed includes a set of quarterly metrics stating revenue of ₹1,519 crore and profit of ₹394 crore for Dec ’25, and another section listing “Last Earnings Date Q3 FY25-26 | 12th, Feb, 2026” with revenue of ₹1,449 crore and net profit of ₹394 crore. These lines indicate that IRCTC’s quarterly revenue and profit levels have moved within a relatively tight band across recent quarters, though the Q4 FY26 snapshot included in the latest-news block shows profit lower than the comparison period while revenue was higher.

IRCTC share-price and profitability metrics cited in the feed

The information provided also lists market and return metrics for IRCTC. It states that Indian Railway Catering & Tourism’s return on equity is 33.5% and net margins are 28.4%. On the price side, the feed shows ₹530.25 (up 0.59%) with a timestamp of May 22, 2026, and ₹542.05 (up 0.78%) with a timestamp of May 26, 2026. Another line shows “NSE Live May 12, 15:59 534.00 -22.80 (-4.09%)”. These datapoints indicate that IRCTC’s stock levels and daily moves were being tracked closely around the period of corporate updates.

ITC Q4 FY26: profit drops on a high base

The same information pack also carries ITC’s March-quarter results for FY26, including the reason behind a steep year-on-year profit decline. ITC reported a 72.4% decline in consolidated net profit for Q4 FY26, with profit falling to ₹5,469.74 crore from ₹19,807.88 crore a year earlier. The company attributed the sharp fall mainly to a one-time gain recorded in the same quarter last year after the demerger of its hotels business.

On a quarter-on-quarter basis, ITC’s profit rose 9% from ₹5,018.45 crore in Q3 FY26. Revenue from operations stood at ₹23,821.48 crore in Q4 FY26, nearly 17% higher year-on-year and 10% higher sequentially. The comparison numbers cited were ₹21,706.64 crore in Q3 FY26 and ₹20,376.36 crore in Q4 FY25.

ITC full-year numbers and segment update

For the full financial year 2026, ITC’s consolidated profit declined 40% to ₹21,018.15 crore from ₹35,052.48 crore in FY25. Annual revenue from operations rose 10.2% to ₹89,913.33 crore compared with ₹81,612.78 crore in the prior year. The note also states that consolidated EBITDA increased 6.9% year-on-year in the March quarter and rose 5.4% for the full year.

Within ITC, the FMCG-Others business was highlighted for growth. Segment revenue rose 15% year-on-year to ₹6,303.73 crore, while EBITDA margin improved by 200 basis points to 11%. The segment disclosure provides a clearer view of where growth and margin improvement were visible, even as consolidated profit was affected by base effects.

Dividend actions: IRCTC and ITC side-by-side

Why these updates matter for investors

For IRCTC, the key takeaway from the latest quarter is the divergence between revenue growth and profit movement, alongside a visible drop in EBITDA margin from 30.4% to 27.3%. The board’s proposed final dividend of ₹0.50 per share adds a corporate-action trigger, with shareholder approval required at the forthcoming AGM.

For ITC, the numbers underline how one-time items can distort year-on-year comparisons. The company explicitly linked the profit decline to a one-time gain after the hotels demerger in the year-ago quarter, while still reporting sequential profit growth and higher revenue in Q4 FY26. Dividend details are also well-defined, including the record date (May 27, 2026) and payout window (July 24-29, 2026).

Conclusion

IRCTC’s Q4 FY26 update showed strong revenue growth to ₹1,460 crore but a net profit decline to ₹332 crore and a 310 bps EBITDA margin contraction, while its board recommended a ₹0.50 final dividend subject to AGM approval. ITC, meanwhile, reported a sharp year-on-year profit drop in Q4 FY26 due to a high base linked to a one-time demerger-related gain, even as revenue rose and dividends were announced with a clear record date and payout timeline. The next formal milestones mentioned are IRCTC’s shareholder vote at the AGM and ITC’s dividend record date on May 27, 2026.