Indian Railway Catering and Tourism Corporation Ltd (IRCTC), in a BSE filing dated August 19, 2026, submitted the transcript of its Q1 FY27 earnings call held on August 13. IRCTC Q1 FY27 earnings showed revenue from operations rising 18.1% year-on-year to Rs 1,370 crore, compared with Rs 1,160 crore in the corresponding quarter.

Profit after tax stood at Rs 330 crore, while EBITDA was Rs 386 crore, down 2.77% year-on-year. The EBITDA margin was 28.17%. Management attributed the margin moderation to a changed revenue mix, an additional HR cost of around Rs 20 crore and higher direct costs in internet ticketing.

Catering leads quarterly revenue growth

Catering revenue increased 33.82% year-on-year to Rs 732 crore, supported by higher onboard sales, licence fees and election-special services. Onboard sales from prepaid trains rose to Rs 413 crore from Rs 301 crore, while licence fees from prepaid mobile and other trains increased to Rs 224 crore from Rs 192 crore.

  • Internet ticketing revenue was Rs 361 crore, up about 0.5%, with nearly 89% of reserved railway tickets booked through IRCTC's online platform.
  • Rail Neer revenue reached Rs 109 crore, growing 2.83% year-on-year, with a margin of about 10%.
  • Tourism revenue rose 13.5% to Rs 168 crore, while its EBITDA margin improved to 11.31% from 8.78%.

IRCTC said e-catering volumes had increased to around 1.69 lakh meals, while e-catering licence-fee revenue rose to Rs 22 crore from Rs 9 crore.

Rail Neer capacity and payments plans

Management said Rail Neer's installed capacity was around 17.77 lakh bottles, against daily supply of approximately 15.5 lakh bottles and higher demand. IRCTC plans to expand Ambernath capacity from two lakh to three lakh bottles per day and Danapur capacity from one lakh to two lakh bottles during FY27, subject to execution.

Four new plants are planned at Prayagraj, Mysore, Ranchi and Bhagalpur, although management indicated that commissioning could extend beyond FY27.

IRCTC also said it submitted the final application for a payment-aggregator licence to the Reserve Bank of India on August 4, 2026, along with the System Audit Report and Minimum Viable Product feasibility submission. Management expects the RBI response during the financial year. The company's iPay platform currently processes around 2.7 lakh transactions.

Source: BSE corporate announcement.