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    HomeFinanceIRCTC's 4QFY23 PL First Cut

    IRCTC’s 4QFY23 PL First Cut

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    Prabhudas Lilladher Pvt Ltd has released a report on the performance of IRCTC in the fourth quarter of fiscal year 2023. The report shows that the company’s revenues increased by 39.7% compared to the previous year, with revenues from various segments also reporting significant growth. The report also notes that all segments were profitable, with internet ticketing reporting the highest EBIT margin of 88.1%.

    The company’s EBITDA increased by 17.1%, and after adjusting for exceptional items, PAT increased by 16.8%. The stock currently trades at 43.7x their FY24E EPS estimate of Rs14.3.

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    Prabhudas Lilladher Pvt Ltd has given a HOLD rating on the stock with a TP of Rs672.

    Also read:  Is policy paralysis impacting the education sector in Telangana?
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    Rajesh M
    Rajesh M
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