IRCTC Revenue Rises 16% to Rs 1,333 Cr as Net Profit Falls 23%
IRCTC reported a 22.9% year-on-year decline in consolidated second-quarter net profit to Rs 263.56 crore. A Rs 116.30 crore Rail Neer provision followed a GSTAT order over alleged profiteering.
IRCTC’s Rs 116.30 crore Rail Neer provision followed a GSTAT order over alleged profiteering, weighing on second-quarter earningsIndian Railway Catering and Tourism Corporation (IRCTC) reported a 22.9 per cent year-on-year decline in consolidated net profit to Rs 263.56 crore in the second quarter…