Irctc revenue sharing

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August undefined, 2024

WebOct 29, 2024 · The IRCTC stock, which had closed at Rs 913.75 on Thursday, fell to Rs 650.10 in the first hour of trading. The intra-day swing in the share price of IRCTC wiped … WebNov 1, 2024 · “If the IRCTC share 50% revenue with the railways then the net impact of it on IRCTC earnings would be ~23-25%. Also, one of the biggest risks for IRCTC is that the government controls the fees charged by it to the public and has the authority to change it which could lead to its resultant impact on IRCTC financials,” he said.

Private trains to share gross revenue with railways, including earnings …

WebFeb 15, 2024 · IRCTC revenue has surged 70% year on year to Rs 918 crore for Q3FY23. In the year-ago period, the revenue reported by the company was Rs 540 crore. In the September quarter, the revenue was Rs 806 crore, which increased 13% sequentially. The revenue is higher than the brokerage (Prabhudas Lilladher) estimate of Rs 879.10 crore. Web4,131 Likes, 11 Comments - Business Insider India (@businessinsiderin) on Instagram: "The Indian government has reportedly withdrawn its decision of asking 50% of ... grantchester herci

Explained: What is IRCTC’s convenience fee, and why did the govt ...

WebOct 29, 2024 · The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee during FY21. In the previous financial year, it had earned Rs … WebOct 29, 2024 · State-owned IRCTC was asked to share 50 per cent of its revenue that it earned from the convenience fee for Indian Railways bookings. The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee … grantchester holdings plc

Indian Railways withdraws IRCTC convenience fee sharing …

IRCTC Share Price, Financials and Stock Analysis - Finology

WebOct 29, 2024 · Earlier on Thursday evening, the Railways had asked IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the … WebOct 30, 2024 · IRCTC will be sharing its revenue with the Government. In a recent development, the Ministry of Railways has ordered the Indian Railway Catering and Tourism Corporation (IRCTC) to share 50% of the ... chioma akpotha childrenWebOct 29, 2024 · New Delhi, October 29 The Railways has asked its online ticketing arm IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the national... chioma akpotha marriage

"WebOct 28, 2024 · The new revenue-sharing arrangement would be enforced from November 1, IRCTC said in its filing on October 28. The company is a monopoly in the Indian railways … " - Irctc revenue sharing

Irctc revenue sharing

IRCTC convenience fee news, IRCTC convenience fee sharing, IRCTC …

WebOct 29, 2024 · Ministry of Railways withdraws decision to share revenues of IRCTC; Railway board, IRCTC officials met today The update comes after DIPAM Secretary Tuhin Kanta … WebFeb 13, 2024 · Updated: 13 Feb 2024, 02:00 PM IST Livemint IRCTC e-ticket booking facility fetched a bumper revenue in the December. Photo: Mint The revenue from IRCTC e-ticket …

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WebOct 28, 2024 · MUMBAI: The Ministry of Railways has through a letter asked Indian Railways Catering and Transportation Corporation to share 50 per cent of the revenue from the … WebOct 29, 2024 · In a regulatory filing on Thursday, IRCTC informed SEBI that the Railways has said the revenue-sharing arrangement would be enforced from November 1. Convenience fees charged from customers...

WebThey have also proposed to take up the responsibility maintaining the pantry cars subsequent to their up gradation. As this is a capital intensive exercise, IRCTC has proposed a revenue sharing between IR & IRCTC in the ratio 15:85 instead of the present 40:60 stipulated in the Catering Policy 2024. WebAug 18, 2024 · IRCTC’s total revenue for FY20 was INR 2353.53 crore with a net profit of INR 528.57 crore. As of 2024, the company’s net assets are valued at US $460 million with total equity being US $ 190 million. 🔍Insights Business Model Revenue model irctc Railway indian railway railway booking booking travel.

WebThe iPAY revenue was ₹ 27 crore of which IRCTC’s share is ₹ 10.7 crore. 4. The bus ticketing revenue was Rs4.51 crore of which IRCTC’s commission and convenience fee stood at ₹ 32 lakh. WebOct 29, 2024 · Monday onwards, half the revenue that accrues to Indian Railway Catering and Tourism Corporation (IRCTC) through the convenience fee on train tickets will go to …

WebIRCTC has an Inventory turnover ratio of 259.806390522729 which shows that the management is efficient in relation to its Inventory and working capital management. …

WebOct 29, 2024 · However, nearly two hours after the markets opened and the sharp fall in share prices, the Department of Investment and Public Asset Management said that the Ministry of Railways had decided to withdraw its decision of asking IRCTC’s to share 50 per cent revenue collected from convenience fee. grantchester historyWebJul 26, 2024 · Two companies bid to operate private trains; IRCTC may win three clusters The absence of a regulator, payment of haulage charges in addition to sharing revenue, and curbs on route flexibility... chioma and tafoyaWebOct 28, 2024 · In FY21, IRCTC earned ₹299 crore from this segment, which is almost 40% of its revenue from operations of ₹783 crore. So far, IRCTC did not share revenues from this segment with the Indian ... chioma blue therapy instagramWebAug 18, 2024 · IRCTC’s total revenue for FY20 was INR 2353.53 crore with a net profit of INR 528.57 crore. As of 2024, the company’s net assets are valued at US $460 million with total equity being US $ 190 million. 🔍Insights Business Model Revenue model irctc Railway indian railway railway booking booking travel Published by Abinaya Arangarajan chioma and davido latest newsWebOct 29, 2024 · In the financial year 2014-15, when the revenue sharing was 20-80, the catering arm of Indian Railways received majority of the revenue of Rs 253 crore. The following year, the revenue generated ... chioma by frank edwardsWebOct 29, 2024 · IRCTC earned Rs 299.13 crore from the convenience fee during 2024-21, according to the annual report. This was the highest revenue earner for IRCTC in 2024-21 … chi olympicsWebJun 25, 2024 · Rail neer: IRCTC on an average sells over 34 million bottles in a month and it forms around 8% of the total revenue for the company. Catering: The catering business … grantchester house