Revenue rises 16% to ₹1,333 crore as catering business records 26% growth
New Delhi, November 13, 2026: Indian Railway Catering and Tourism Corporation (IRCTC) reported a nearly 23% year-on-year decline in net profit to ₹263 crore for the September quarter of FY2026–27, primarily due to a one-time tax-related provision.
The railway public sector undertaking recorded revenue of ₹1,333 crore during the quarter, registering 16% growth compared with the corresponding period last year.
IRCTC recognised an exceptional expense of ₹116 crore towards a provision related to a demand from the Goods and Services Tax Appellate Tribunal. Excluding this exceptional item, the company’s net profit would have increased year-on-year, according to the reported results.
The catering segment generated revenue of ₹655 crore, up 26% from the year-ago quarter, while its packaged drinking water business, Rail Neer, reported revenue of ₹101 crore, reflecting growth of more than 7%.
Internet ticketing contributed ₹390 crore to quarterly revenue.
The company also witnessed higher operating expenses, particularly in its catering and tourism businesses, which affected overall profitability despite revenue growth.
