IRCTC at life-time high
By
Ruma Dubey
about 4 years ago
IRCTC, which had closed yesterday at Rs.1418.95, went on to hit an all time high today at Rs.1596.95.
The stock price is reacting to its performance for Q3FY20 wherein it recorded a 180% (YoY) jump in net profit at Rs.206 crore; this jump was on a 65% rise in revenue from operations at Rs.716 crore.
Operating profit jumped 2.7 times to Rs.266 crore and margins improved sharply from 22.7% to 37.1%.