Earnings · Railways and PSU · Q2 FY27 results declared
The IRCTC Q2 results date was Thursday, 12 November 2026, and the numbers are out: revenue up 16.3% to Rs 1,333.07 crore and net profit down 22.9% to Rs 263.56 crore after a Rs 116.3 crore Rail Neer provision. This page keeps the date, the base, the Q1 FY27 marks and the segment lines, and links to the full IRCTC Q2 results FY27 analysis.
Quick answer
The IRCTC Q2 results date was Thursday, 12 November 2026. Consolidated revenue was Rs 1,333.07 crore, up 16.3%, and net profit Rs 263.56 crore, down 22.9% from Rs 342.02 crore, after a Rs 116.3 crore Rail Neer provision, per Univest and Free Press Journal. No dividend was found.
Latest update (Thursday, 12 November 2026, 8:55 PM IST): IRCTC reported Q2 FY27 results on Thursday, 12 November 2026; Upstox carried the profit at 6:01 PM IST, Free Press Journal updated its report at 6:17 PM and Univest at 6:44 PM. I found no dividend, analyst consensus or post-result price, and I have not opened the exchange filing. The earlier preview marks are kept below so the result can be checked against them.
Key takeaways
- Date: the board met on Thursday, 12 November 2026, as PSU Connect had reported; the first reports came at about 6 PM IST, after the market close.
- Result: revenue Rs 1,333.07 crore (+16.3%) and net profit Rs 263.56 crore (-22.9%); EPS Rs 3.29.
- One-off: a Rs 116.3 crore exceptional provision for a GST Appellate Tribunal order on Rail Neer; profit before exceptional items was Rs 472.3 crore, up 3.3% on Rs 457.21 crore (my calculation).
- Against Q1 FY27: revenue was 2.7% lower and profit 20.1% lower than Rs 329.86 crore (my calculation).
- Segments: tourism revenue up about 28%, ticketing up about 1%, and the catering growth figure does not tie to the base on this page.
- Dividend: none found in the reports; last year’s interim dividend was Rs 5 with a 21 November 2025 record date.
In plain words: IRCTC is the railway’s arm for online ticketing, train catering, Rail Neer bottled water and tourism. It earns a convenience fee on each ticket, so profit moves with ticket volume, fee rules and the cost of running catering contracts.
Data note: Figures are as of 12 November 2026, 8:55 PM IST. Q2 FY27 figures come from Univest, Free Press Journal and the Upstox live blog; earlier figures from Business Standard, Kotak Neo, PSU Connect, Cofacto Research and Sahi. I could not open the exchange filings, so quarterly figures are headline-level. Derived numbers are my calculation.
In this post
- What did IRCTC report?
- When was the results date and time?
- What was the base to beat?
- Which figures were right to compare?
- Dividend, analysts and price
- What drove the quarter?
- How did the result compare with the scenarios?
- Decoder: what the result answered
- How to read the filing
- What most people miss
- FAQs
- Sources
What did the company report on the IRCTC Q2 results date?
On the IRCTC Q2 results date, 12 November 2026, the company reported consolidated revenue of Rs 1,333.07 crore (+16.3%) and net profit of Rs 263.56 crore (-22.9%), after a Rs 116.3 crore exceptional provision for Rail Neer, per Univest and Free Press Journal.
| Line | Q2 FY27 reported | Q2 FY26 base | Q1 FY27 | Outcome |
|---|---|---|---|---|
| Revenue from operations (Rs crore) | 1,333.07 | 1,145.99 | 1,369.53 | +16.3% on the base; -2.7% on Q1 |
| Profit before exceptional items (Rs crore) | 472.3 | 457.21 | 441.7 | +3.3% on the base; +6.9% on Q1 |
| Exceptional item (Rs crore) | 116.3 | None found | None found | Rail Neer provision |
| Net profit (Rs crore) | 263.56 | 342.02 | 329.86 | -22.9% on the base; -20.1% on Q1 |
| Net margin on revenue | 19.8% | 29.8% | 24.1% | Below both |
| Dividend | None found | Rs 5 interim | None | Not confirmed |
Cite this table: IRCTC Q2 FY27 against the preview marks, as of 12 November 2026, 8:55 PM IST, PositionalCalls; Q2 FY27 per Univest and Free Press Journal.
The full line-by-line analysis, with the Rail Neer provision, the segment check and the first half, is in IRCTC Q2 results FY27. Here I keep the date, the base, the dividend record and the segment marks that the preview raised. The preview asked whether the flat Q1 profit would be followed by margin recovery. In the IRCTC Q2 results date numbers, revenue grew 16.3%, but net profit fell 22.9% because of the provision; profit before the provision rose about 3.3% on the base and 6.9% on Q1 (my calculation). The figures are as reported by news sources and I have not opened the exchange filing.
When was the IRCTC Q2 results date and time?
The IRCTC Q2 results date was Thursday, 12 November 2026, when the board approved the unaudited results for the quarter and half-year ended 30 September 2026, as PSU Connect had reported on 5 November. The first reports appeared at about 6:01 PM IST, after the market close.
The Upstox live blog items are stamped 6:01 PM and 6:10 PM IST, Free Press Journal updated its report at 6:17 PM and Univest at 6:44 PM; I did not find the exact filing time and could not open the exchange intimation, so the first trading session after the result would be Friday, 13 November (my reading). The results went to the Audit Committee with the auditors’ limited review report before the board, under Regulations 29 and 33 of the SEBI listing rules. The trading window was to stay closed until 48 hours after the results, which PSU Connect gave as up to Saturday, 14 November. Companies must report within 45 days of the quarter-end, which made 14 November the limit; IRCTC reported on day 43 (my calculation). Last year the Q2 results came on 13 November 2025, so this year’s date was one day earlier.
| Item | What was reported | Source and date | Status |
|---|---|---|---|
| Board meeting | 12 November 2026 | PSU Connect, 5 Nov 2026; Cofacto, 7 Nov 2026 | Held |
| Results | Revenue Rs 1,333.07 crore; profit Rs 263.56 crore | Univest, 6:44 PM IST; Upstox, 6:01 PM IST | Reported |
| Exceptional item | Rs 116.3 crore Rail Neer provision | Free Press Journal, 6:17 PM IST | Reported |
| Release time | First reports about 6:01 PM IST | Upstox live blog | Filing time not found |
| Dividend | None found | Reports read | Not confirmed |
| Analyst consensus | None found | Searches | Not available |
Cite this table: IRCTC Q2 results date status, as of 12 November 2026, 8:55 PM IST, PositionalCalls.
See the Q2 results hub for the other reporters, and RVNL and HAL for other PSU names.
What was the profit and revenue base IRCTC had to beat in Q2 FY27?
The year-ago base is Q2 FY26 consolidated profit of Rs 342.02 crore and revenue from operations of Rs 1,145.99 crore. The nearer base is Q1 FY27: revenue of Rs 1,369.53 crore and profit of Rs 329.86 crore, which was close to flat on a year earlier.
| Consolidated, Rs crore | Q2 FY26 | Q1 FY27 | What to compare |
|---|---|---|---|
| Revenue from operations | 1,145.99 (+7.70%) | 1,369.53 (+18.09%) | Q1 was 19.5% above the Q2 FY26 base (my calculation) |
| Profit after tax | 342.02 (+11.09%) | 329.86 (-0.18%) | Q1 was 3.6% below the Q2 FY26 base (my calculation) |
| Profit margin on revenue | 29.8% (my calculation) | 24.1% (my calculation) | A 5.7 point gap sets the Q2 test |
| Profit before tax | 457.21 (+9.75%) | Not found | Q2 FY26 effective tax about 25.2% (my calculation) |
| EBITDA margin | Not on a comparable basis | 28.17% | Q2 FY26 EBITDA of Rs 473.02 crore is single-source |
Cite this table: IRCTC consolidated base, Business Standard (13 Nov 2025) and Cofacto Research (7 Nov 2026), as of 12 November 2026, 8:55 PM IST.
The Q2 FY26 profit margin on revenue was 29.8% (342.02 / 1,145.99), against 24.1% in Q1 FY27 (329.86 / 1,369.53), my calculation. Revenue has grown faster than profit, so margin is the line that decides whether Q2 profit grows or only holds. If Q2 FY27 revenue matched the Q1 level of Rs 1,369.53 crore and the margin stayed at 24.1%, profit would be about Rs 330 crore, 3.6% below the year-ago base; that is arithmetic, not a forecast.
IRCTC Q2 results date: the segment base from Q2 FY26
| Segment, Q2 FY26 | Revenue, Rs crore | Change | Share of revenue (my calculation) |
|---|---|---|---|
| Catering | 481.95 | -7.25% | 42.1% |
| Internet ticketing | 385.87 | +4.02% | 33.7% |
| Tourism | 149.52 | +20.15% | 13.0% |
| Rail Neer | 94.06 | +4.26% | 8.2% |
| Four segments, total | 1,111.40 | n/a | 97.0% |
| Other (balance) | 34.59 | n/a | 3.0% |
Cite this table: IRCTC segment revenue Q2 FY26, Business Standard, 13 November 2025; totals and shares by PositionalCalls.
The four segments add to Rs 1,111.40 crore against revenue from operations of Rs 1,145.99 crore, leaving Rs 34.59 crore for other lines such as state teertha (my calculation; the report does not name the remainder). Catering is the largest line but fell in the base quarter, while tourism grew 20%, so the segment mix is part of what Q2 FY27 has to beat.
Against this base, Q2 FY27 consolidated revenue of Rs 1,333.07 crore was 16.3% higher than Rs 1,145.99 crore and net profit of Rs 263.56 crore was 22.9% lower than Rs 342.02 crore. Free Press Journal gives Q2 FY27 segment revenue of catering Rs 655 crore, ticketing Rs 389.8 crore, tourism Rs 192 crore and Rail Neer Rs 101.1 crore. Ticketing (+1.0%), tourism (+28.4%) and Rail Neer (+7.5%) tie to the segment base above, but catering does not: Rs 655 crore over Rs 481.95 crore is 35.9%, while the report says 26% (my calculation). The four segments also add to Rs 1,337.9 crore, Rs 4.8 crore above total revenue. I cannot resolve these without the filing.
Which IRCTC figures were right to compare on the results date?
The right comparison was Q2 FY27 consolidated figures with Q2 FY26 on the same basis: revenue from operations, profit after tax and segment revenue. Profit growth for Q2 FY26 appears as 11.09%, 10.3% and 13% in different headlines, so check the label first.
Several differences already exist. They are shown here, not resolved.
| Item | Figure A | Figure B | How to read it |
|---|---|---|---|
| Q2 FY26 profit growth | +11.09% (Business Standard, consolidated) | Headlines of +10.3% and +13% (not opened) | Use the filing; different bases or standalone |
| Q2 FY26 revenue | Rs 1,145.99 crore (revenue from operations) | Rs 1,208.97 crore (total income, Kotak Neo) | Total income includes other income; use one basis |
| Q2 FY26 EBITDA | Rs 473.02 crore (Kotak Neo FAQ) | 28.17% margin in Q1 FY27 (Cofacto) | 473.02 is 41.3% of revenue (my calculation), so it likely includes other income |
| Q1 FY27 profit growth | -0.18% (as reported) | -0.25% against Rs 330.70 crore (my calculation) | Implied base is Rs 330.45 crore; the gap is small |
| Q1 FY26 revenue | Rs 1,159.73 crore (implied by +18.09%, my calculation) | Not found | Check against the filing |
Cite this table: IRCTC conflicting or differing figures, as of 12 November 2026, 8:55 PM IST, PositionalCalls.
The cleanest anchors are Business Standard’s consolidated Q2 FY26 figures (profit Rs 342.02 crore, revenue Rs 1,145.99 crore) and the Q1 FY27 revenue and profit that Cofacto and PSU Connect both report. Do not compare the Rs 473.02 crore EBITDA with the 28.17% margin: 473.02 divided by 1,145.99 is 41.3%, which is far above the 28 to 32% range management quotes, so the two are almost certainly built differently.
IRCTC Q2 results date checklist: keep these on one basis
- Entity: consolidated, not standalone, unless the headline says so.
- Revenue: revenue from operations, not total income.
- Profit: profit after tax for the quarter, and note any exceptional or tax-order items.
- EBITDA: say whether other income is included before comparing margins.
The basis question for the IRCTC Q2 results date resolved in one respect: Univest and Free Press Journal both say the Q2 FY27 figures are consolidated, and the revenue of Rs 1,333.07 crore is revenue from operations, so it compares with Rs 1,145.99 crore, not with the total-income figure. New differences appeared. Free Press Journal says profit before exceptional items rose 4.6%, but Rs 472.3 crore over Rs 457.21 crore is 3.3% (my calculation). The Upstox headline says profit “surges 23%” while its body gives a 22.9% fall. Free Press Journal gives Q1 FY27 profit as Rs 330.2 crore against Rs 329.86 crore in this preview. The Q2 FY26 profit growth label (11.09%, 10.3% or 13%) matters less because the reported base of Rs 342.02 crore ties to the 22.94% fall.
Did IRCTC declare a dividend, and what do analysts and the price say after Q2 FY27?
I found no dividend in the Q2 FY27 reports, no analyst consensus and no post-result price. Last year the board declared a Rs 5 interim dividend with the Q2 results. The newest price I found is Rs 457.0 on 7 November 2026, before the result.
Cofacto’s preview of 7 November gives base figures and watch-points but no estimate for revenue, profit or EBITDA, so there is nothing to grade against. Broker views would be shown only as reported, with date and source, and they are not PositionalCalls targets.
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IRCTC results, then the next filing
- The filing and the margin check as soon as they appear
- Base-versus-actual checks in plain words
- Links to every updated Q2 FY27 page
| Dividend item | Figure | Source or note |
|---|---|---|
| Q2 FY26 interim dividend | Rs 5 per share, face value Rs 20 (25%) | Business Standard, 13 Nov 2025 |
| Q2 FY26 record date | Friday, 21 November 2025 | Business Standard |
| Approximate payout at Rs 5 | About Rs 400 crore | My calculation: about 80 crore shares from Rs 36,560 crore and Rs 457; share count not verified |
| 2026 interim dividend | None found in the Q2 FY27 reports | Univest, Free Press Journal; not proof that none was declared |
| Government stake sale | FY27 offer for sale reported as planned | Sahi headline; not opened |
Cite this table: IRCTC dividend history and status, Business Standard and PSU Connect, as of 12 November 2026, 8:55 PM IST.
In the IRCTC Q2 results date reports I read, no dividend appears, which is not proof that none was declared, so the board outcome on NSE or BSE will settle it. At Rs 5 on about 80 crore shares the payout would be about Rs 400 crore, about 67% of first-half profit of roughly Rs 593 crore (my calculation). If a dividend is declared, the record date has usually followed within about eight days (21 November 2025 after the 13 November 2025 report), my observation from one year. For tax on any payout, see dividend tax in India.
IRCTC Q2 results date: price and market value snapshot
| Item | Figure | Source or note |
|---|---|---|
| Price, 7 Nov 2026 | Rs 457.0 | Cofacto Research; the newest price I found |
| Market value | Rs 36,560 crore | Cofacto Research |
| Implied shares | About 80.0 crore | My calculation: 36,560 / 457 |
| Market value / Q1 profit annualised | About 27.7 times | My calculation: 36,560 / (329.86 x 4); a rough ratio, not a valuation |
| FY26 EBITDA margin | About 31.95% | Cofacto Research |
Cite this table: IRCTC price and market value snapshot, Cofacto Research and PositionalCalls calculations. Not live.
I could not find a post-result price, and the Rs 457.0 is from 7 November; 10 November was a market holiday. The result came after the 3:30 PM close, so the first trading reaction would be Friday, 13 November (my reading). The snapshot is a record, not a view, and the ratio uses one quarter annualised, which can mislead because the Q1 FY27 profit was not a normal quarter for margin.
What drives IRCTC’s Q2 numbers: ticketing, catering, tourism and Rail Neer?
Internet ticketing earns the convenience fee, catering earns from train and station kitchens, tourism sells packages and Rail Neer sells bottled water. In Q1 FY27 the pressure points were catering margin, the non-convenience fee run-rate and one-off items.
What Cofacto flagged in the Q1 FY27 numbers
| Q1 FY27 item | Reported | Year earlier or target | Reading (my calculation where marked) |
|---|---|---|---|
| EBITDA margin | 28.17% | FY26 about 31.95% | 3.8 points below the FY26 level |
| Catering margin | 9.29% | 10.42% | 1.13 points lower; guided range 10 to 12% |
| Non-convenience fee | Rs 113 crore | Guided run-rate Rs 150 crore | Rs 37 crore short of the guide |
| Tourism revenue | Rs 168 crore (+13.5%) | About Rs 148 crore (my calculation) | Growth continuing |
| UPI share of ticket payments | 51.22% | Not found | Cofacto links it to profitability |
| Catering revenue | Reported +34% (Scanx headline) | Not opened | Revenue up while margin fell |
Cite this table: IRCTC Q1 FY27 operating items, Cofacto Research (7 Nov 2026) and Scanx headline, as of 12 November 2026, 8:55 PM IST.
Management has said that proof-of-concept catering trains cost money before they earn, with four trains concluding in Q2 and two in Q3 (Cofacto). It has also flagged extra investment on the next-generation ticketing refresh and disaster recovery set-up. Those are reasons margin could stay below last year’s level in Q2, but I have not seen a number from the company that quantifies them.
What the IRCTC Q2 results date result showed against these drivers: the tax-order item the preview flagged was the Rs 116.3 crore Rail Neer provision, and the Rail Neer segment made a pre-tax loss of Rs 106.1 crore against a profit of Rs 8.7 crore a year earlier (Free Press Journal). Ticketing revenue grew only about 1%, tourism about 28% and catering Rs 655 crore on a base that does not tie. The reports give no catering margin, no non-convenience fee and no commentary on proof-of-concept trains, so the Q1 flags stay open until the filing is read.
How did the IRCTC result compare with the scenario tables?
Reported revenue of Rs 1,333.07 crore is 16.3% above the Q2 FY26 base, and net profit of Rs 263.56 crore is a margin of 19.8%, below the 24.1% of Q1 FY27. Before the Rs 116.3 crore provision, my illustration gives about Rs 353 crore, a margin of about 26.5%. The tables below were arithmetic, not forecasts.
| Illustrative revenue, Rs crore | Versus Q2 FY26 (1,145.99) | Versus Q1 FY27 (1,369.53) |
|---|---|---|
| 1,100 | -4.0% | -19.7% |
| 1,250 | +9.1% | -8.7% |
| 1,369.53 | +19.5% | Flat |
| 1,450 | +26.5% | +5.9% |
| 1,550 | +35.3% | +13.2% |
Cite this table: IRCTC revenue sensitivity, my calculation. Not an estimate.
| Profit margin on Rs 1,369.53 crore | Profit, Rs crore | Versus Q2 FY26 (342.02) | Versus Q1 FY27 (329.86) |
|---|---|---|---|
| 24.08% (Q1 FY27 margin) | 329.78 | -3.6% | Flat |
| 26% | 356.08 | +4.1% | +8.0% |
| 28% | 383.47 | +12.1% | +16.3% |
| 29.84% (Q2 FY26 margin) | 408.67 | +19.5% | +23.9% |
Cite this table: IRCTC profit sensitivity, my calculation on the Q1 FY27 revenue; illustration only.
| Illustrative profit, Rs crore | Versus Q2 FY26 (342.02) | Versus Q1 FY27 (329.86) |
|---|---|---|
| 300 | -12.3% | -9.1% |
| 330 | -3.5% | Flat |
| 342.02 | Flat | +3.7% |
| 360 | +5.3% | +9.1% |
| 400 | +17.0% | +21.3% |
Cite this table: IRCTC profit sensitivity, my calculation; not an estimate.
What did the result answer? IRCTC results-day decoder
On the IRCTC Q2 results date, the reading order was: the profit and basis, then revenue from operations against Rs 1,145.99 crore and Rs 1,369.53 crore, then the segment lines, then the margin, then any dividend and tax-order notes.
| Order | Line to read | Mark to beat | Why it comes first |
|---|---|---|---|
| 1 | Profit after tax | Rs 342.02 crore (year ago); Rs 329.86 crore (Q1) | The headline most people quote |
| 2 | Revenue from operations | Rs 1,145.99 crore; Rs 1,369.53 crore | Shows scale |
| 3 | Catering revenue and margin | Rs 481.95 crore; Q1 margin 9.29% | Largest line and the weak one |
| 4 | Internet ticketing | Rs 385.87 crore; non-convenience fee Rs 113 crore in Q1 | Fee income quality |
| 5 | Tourism and Rail Neer | Rs 149.52 crore; Rs 94.06 crore | Growth lines |
| 6 | EBITDA margin | 28.17% in Q1; FY26 about 31.95% | Recovery or relapse |
| 7 | Tax and exceptional items | Effective tax about 25.2% in Q2 FY26 | GSTAT treatment |
| 8 | Dividend | Rs 5 last year; record date 21 Nov 2025 | Possible interim declaration |
Cite this table: IRCTC results-day reading order, PositionalCalls.
| Decoder question | Answer from the reports (12 Nov 2026) | Status |
|---|---|---|
| Profit and basis? | Rs 263.56 crore, consolidated | Basis confirmed by two reports |
| Revenue against Rs 1,145.99 and Rs 1,369.53 crore? | Rs 1,333.07 crore, +16.3% and -2.7% | Above base, below Q1 |
| Segment lines? | Catering 655, ticketing 389.8, tourism 192, Rail Neer 101.1 | Catering growth does not tie |
| Margin? | Net margin 19.8% against 29.8% and 24.1% | Below both |
| Dividend? | None found | Not confirmed |
| Tax-order notes? | Rs 116.3 crore Rail Neer provision | Appeal pending |
Cite this table: PositionalCalls, IRCTC decoder answers, as of 12 November 2026, 8:55 PM IST; figures as reported, filing not opened.
For the IRCTC Q2 results date, the reports I found carry no management comment on catering costs or the payment aggregator licence, so those two items remain to be read in the filing.
How do I read the IRCTC Q2 filing and avoid fake alerts?
To check the IRCTC result, open the result on the BSE or NSE announcement page for Indian Railway Catering and Tourism Corporation Limited, not through a link in a message, and read the consolidated statement first. Treat any tip that asks for an OTP, a payment or a login as fake.
- Open the BSE or NSE corporate announcements page and search for IRCTC.
- Choose the financial result for the quarter ended 30 September 2026 and open the consolidated statement.
- Note the labels: revenue from operations, other income, profit before tax and profit for the period.
- Compare revenue and profit with Rs 1,145.99 crore and Rs 342.02 crore, then with Rs 1,369.53 crore and Rs 329.86 crore.
- Read the segment note and the notes on the GSTAT order and exceptional items.
- Check the outcome of the board meeting for any interim dividend and its record date.
Fake results alerts and paid tip groups multiply on results days. No genuine filing asks for a login, an OTP or money. PositionalCalls is not SEBI-registered, gives no buy or sell calls and never asks for payment.
What do most people miss about the IRCTC Q2 results date?
Around the IRCTC Q2 results date, most readers see profit down 22.9% and miss that it includes a Rs 116.3 crore one-off, that profit before it rose about 3.3%, that the Upstox headline contradicts its body and that the catering growth does not tie to the base.
A last point on sources. Several figures here come from news reports and summaries, and these can differ from the filing: pre-provision profit growth is 4.6% in one report and 3.3% on this page’s base, and Q1 FY27 profit is Rs 330.2 crore in one report and Rs 329.86 crore in another. Before using any number from the IRCTC Q2 results date in a decision, open the exchange filing, check that it is consolidated and note the date of the report. I list each source below so the comparison can be repeated, and the inputs for my own calculations are in the tables.
Bottom line
The IRCTC Q2 results date was 12 November 2026. The company reported consolidated revenue of Rs 1,333.07 crore (+16.3%) and net profit of Rs 263.56 crore (-22.9%) after a Rs 116.3 crore Rail Neer provision, with no dividend found. There is no target or call here. See the full IRCTC Q2 results FY27 analysis and dividend tax in India.
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IRCTC Q2 results date: frequently asked questions
When was the IRCTC Q2 results date?
The IRCTC Q2 results date was Thursday, 12 November 2026, when the board approved the results for the quarter and half-year ended 30 September 2026, per PSU Connect. The first reports appeared at about 6:01 PM IST, after the market close. I did not find the exact filing time; check the exchange announcement.
What was IRCTC profit in Q2 FY27?
Consolidated net profit was Rs 263.56 crore against Rs 342.02 crore a year earlier, down 22.9%, per Univest. It was 20.1% below Q1 FY27’s Rs 329.86 crore, my calculation. Earnings per share were Rs 3.29. Profit before exceptional items and tax was Rs 472.3 crore, before a Rs 116.3 crore provision.
What is the profit base to beat on the IRCTC Q2 results date?
The base was Q2 FY26 consolidated profit of Rs 342.02 crore on revenue from operations of Rs 1,145.99 crore, per Business Standard. The reported result was profit of Rs 263.56 crore, below the base, and revenue of Rs 1,333.07 crore, above it. Use the same consolidated basis when you compare.
What was IRCTC revenue in Q2 FY27?
Consolidated revenue from operations was Rs 1,333.07 crore, up 16.3% from Rs 1,145.99 crore, per Univest. It was 2.7% below Q1 FY27’s Rs 1,369.53 crore, my calculation. Free Press Journal gives catering Rs 655 crore, tourism Rs 192 crore, ticketing Rs 389.8 crore and Rail Neer Rs 101.1 crore.
Did IRCTC declare an interim dividend with Q2 results?
I found no dividend in the reports of the Q2 FY27 results, which is not proof that none was declared. Check the board outcome on NSE or BSE. Last year the interim dividend was Rs 5 with a 21 November 2025 record date, per Business Standard. At Rs 5 the payout would be about Rs 400 crore, my calculation.
Did IRCTC beat Q2 estimates?
I found no analyst estimate or consensus for the quarter, so I cannot say whether it beat or missed one. Compare the result with the year-ago base of Rs 342.02 crore profit and Rs 1,145.99 crore revenue, and with Q1 FY27, as the IRCTC Q2 results date tables on this page do.
I did not find a dated post-result price. The newest I found is Rs 457.0 on 7 November 2026, before the result, per Cofacto Research. The result came after the 3:30 PM close, so the first reaction would be the next session, my reading. No brokerage target is used.
Why do IRCTC profit figures differ across sources?
The Upstox headline says profit surges 23% while its body gives a 22.9% fall, and arithmetic supports the fall. Free Press Journal says pre-provision profit rose 4.6%, against 3.3% on this page’s base, and gives Q1 profit as Rs 330.2 crore. Use the filing for the IRCTC Q2 results date figures.
What should I watch in the IRCTC Q2 results besides profit?
Read the Rs 116.3 crore Rail Neer provision, the tax treatment, the segment note and any dividend notice. The reports give catering Rs 655 crore and ticketing Rs 389.8 crore, but no segment profit. Revenue growth of 16.3% did not carry through to profit, so the margin lines matter most.
No. This page is not investment advice, a target or a recommendation, and PositionalCalls is not SEBI-registered. It reports company figures and sources with dates, and labels my calculations. Read the exchange filing and consult a registered adviser before any decision.
Sources
- Upstox: Q2 results live blog, IRCTC entries, 12 November 2026, 6:01 PM and 6:10 PM IST.
- Free Press Journal: IRCTC Q2 profit falls 23%, Rail Neer provision, updated 12 November 2026, 6:17 PM IST.
- Univest: IRCTC Q2 results FY27, PAT Rs 263.56 crore, updated 12 November 2026, 6:44 PM IST.
- PositionalCalls: IRCTC Q2 results FY27 analysis
- BSE corporate announcements: the IRCTC results filing.
- NSE corporate filings: financial results: the same filing on NSE.
- PSU Connect: IRCTC board to approve Q2 results, 5 November 2026.
- Cofacto Research: IRCTC Q2 FY27 earnings preview, 7 November 2026.
- Business Standard: IRCTC Q2 FY26 PAT, 13 November 2025 (base quarter).
- Kotak Neo: IRCTC Q2 FY26 results: total income and EBITDA lines.
- Sahi: IRCTC Q1 FY27 revenue, August 2026 (headline).
- PSU Connect: IRCTC Q1 results: revenue and profit (headline; page did not load).
Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: for the IRCTC Q2 results date I read Univest, Free Press Journal, the Upstox live blog, Business Standard, Kotak Neo, PSU Connect, Cofacto Research and Sahi, noted where sources differ, and marked every derived number as my calculation. I did not open any company filing or exchange document. Figures are as of 12 November 2026, 8:55 PM IST.
Shubham Chaudhary is the founder of PositionalCalls, an independent Indian stock market research website. He writes company fundamentals, quarterly results analysis, IPO analysis and sector research for NSE and BSE listed companies, with a focus on banking stocks, insurance and long-term value investing. Every article is built from primary sources such as RBI, SEBI, NSE and BSE filings and company annual reports, and states its risks plainly in simple language for retail investors.
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