StocksMedium•13 November 2026•
1 min read
IRCTC Q2 Net Profit Drops 23% on Exceptional GST Provision
Key Facts
1IRCTC reported a Q2 net profit of ₹2.64 billion, down from ₹3.42 billion in the previous year.
2Revenue grew to ₹13.33 billion, but EBITDA margins contracted to 30.60% from 35.27%.
3The profit decline was driven by an ₹11.63 billion exceptional item related to a GSTAT order.
IRCTC reported a Q2 net profit of ₹2.64 billion for the period ending September 30, 2026, down from ₹3.42 billion in the previous year. According to scanx.trade, the decline was primarily driven by an ₹11.63 billion exceptional item following a Goods & Services Tax Appellate Tribunal (GSTAT) order regarding Rail Neer packaged water.
Revenue grew to ₹13.33 billion from ₹11.46 billion in the year-ago period, but EBITDA margins contracted to 30.60% from 35.27%. This margin pressure occurred alongside rising operating costs in the catering and tourism segments, while India's annual inflation rate was reported at 6.09% on November 12, 2026.