IRCTC Q4 Results 2026: Profit down 7%, dividend declared

Overview of IRCTC’s Q4 results and dividend

Indian Railway Catering and Tourism Corporation (IRCTC) reported its latest quarterly earnings with revenue growth but a decline in profit year-on-year. The company also moved ahead with a dividend proposal for shareholders. Key operating profitability expanded in absolute terms, while the margin narrowed compared to the previous year’s quarter.

Key Q4 numbers: revenue rises, profit declines

For the quarter, IRCTC reported revenue of ₹1,460 crore versus ₹1,269 crore, a year-on-year rise of 15.1%. Net profit came in at ₹332 crore compared with ₹357 crore, down 7.1% year-on-year. EBITDA increased to ₹399 crore from ₹385 crore, up 3.5%. However, EBITDA margin fell to 27.3% from 30.4%, a contraction of 310 basis points.

What changed in profitability

The reported numbers show a divergence between top-line growth and bottom-line performance. While EBITDA rose modestly, the sharper fall in EBITDA margin indicates higher costs or a less favourable mix compared with the year-ago quarter. With net profit down year-on-year despite higher revenue, the quarter highlights that growth did not fully translate into higher earnings.

Dividend update: FY25-26 final dividend recommendation

IRCTC’s board recommended a final dividend of ₹0.50 per equity share for the financial year 2025-26. The company clarified that the payout is subject to shareholder approval at the ensuing Annual General Meeting (AGM). This board recommendation is the formal step before the dividend becomes payable.

Earlier IRCTC dividend references in the same context

The provided context also refers to prior dividend actions by IRCTC. It notes that in 2024, IRCTC declared an interim dividend of ₹4 per share for Q2 and a final dividend of ₹0.50 per share for Q4. Separately, it also mentions a “2nd interim dividend” of ₹3.50 per share (175%) on equity shares with face value ₹2 each, declared after a board meeting on February 12, 2026.

Comparing with IRCTC’s FY25 disclosures cited

Alongside the latest quarter’s figures, the context includes multiple references to IRCTC’s Q4FY25 performance. One set of figures states IRCTC’s consolidated net profit rose 26% year-on-year to ₹358 crore in Q4FY25 versus ₹284 crore, while revenue from operations rose 10% to ₹1,269 crore versus ₹1,152 crore. It also notes a 3% rise in IRCTC shares following the Q4FY25 results announcement and that net profit rose 5% sequentially from ₹341 crore in Q3FY25.

Additional quarterly metrics mentioned for Q4FY25

Another set of disclosed metrics for Q4FY25 in the provided text includes total income of ₹1,187.41 crore (down 7.3% from ₹1,281.20 crore in Q3FY25). It also lists profit before tax (PBT) at ₹381.99 crore versus ₹456.55 crore in the previous quarter and ₹374.60 crore in the year-ago quarter. Profit after tax (PAT) is stated at ₹284.18 crore, compared with ₹341.09 crore in Q3FY25 and ₹278.80 crore in Q4FY24, with EPS at ₹3.50. Total expenses for Q4FY25 are mentioned at ₹813.30 crore.

Snapshot table: IRCTC headline Q4 comparison (as provided)

ITC’s Q4FY26 update also in focus

The same context also highlights ITC’s March quarter FY26 performance and dividend. ITC reported a 72.4% decline in consolidated net profit to ₹5,469.74 crore from ₹19,807.88 crore a year earlier, attributing the year-ago base to a one-time gain linked to the demerger of its hotels business. On a quarter-on-quarter basis, ITC’s profit rose 9% from ₹5,018.45 crore in Q3FY26.

ITC dividend schedule and record date

ITC’s Board of Directors recommended a final dividend of ₹8 per share for FY26. The record date is stated as Wednesday, 27 May 2026, and the payout is scheduled between Friday, 24 July 2026, and Wednesday, 29 July 2026. Including the interim dividend of ₹6.50 per share paid on 27 February 2026, ITC’s total dividend for FY26 is ₹14.50 per share, compared with ₹14.35 per share in FY25.

Why these updates matter for investors

For IRCTC, the key market takeaway is the combination of double-digit revenue growth with a year-on-year decline in profit and a notable margin contraction. The dividend recommendation adds a shareholder-return element, but final approval is pending at the AGM. For ITC, the sharp year-on-year profit decline is framed in the context of a one-time gain in the year-ago quarter, while the dividend timeline provides clarity on key dates for eligible shareholders.

Conclusion

IRCTC’s latest quarterly performance shows higher revenue and EBITDA, but lower net profit and reduced margins compared with the year-ago period. The company’s proposed final dividend of ₹0.50 per share for FY25-26 will be decided after shareholder approval at the AGM, as stated by the company.