Irctc revenue sharing

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WebOct 29, 2024 · Sharing started in 2014 in the ratio of 80:20 between IRCTC and the Indian Railways. 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 the Ministry of Railways. Officials in the know told Business Standard IRCTC’s management … WebOct 30, 2024 · The revenue sharing system was later suspended for three years from 2016 The convenience fee mechanism is the highest revenue earner for the IRCTC. In 2024-21, …

IRCTC revenue jumps by 250% in first quarter of this fiscal

WebJun 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 … tts tf2

IRCTC Q3 Results: What effect will the results have on the IRCTC share …

WebNov 5, 2024 · IRCTC, Railway Ministry discussing new revenue share model where interest of minority shareholders will be protected: Sources Given the sharp market reaction, … WebOct 29, 2024 · It is for the service of online ticket booking offered by the IRCTC. In 2014-15 when the revenue sharing ratio was 20-80, the Railway's online ticketing and catering arm received a majority of the ... WebOct 29, 2024 · In FY21, IRCTC earned ₹299 crore from this segment, which is almost 40% of its revenue from operations of ₹783 crore. At 11:11 a.m. shares of the company were trading 4% lower at 875.95 per share. tts thb

How much money IRCTC earns through online ticketing, catering

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 Published by Abinaya Arangarajan 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... phoenix used washer and dryerWebNov 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. phoenix uterine cancer treatment

"WebOct 28, 2024 · New Delhi: Indian Railways Catering and Tourism Corporation (IRCTC) will share 50 per cent of the revenue from the convenience fee with it, the company said … " - Irctc revenue sharing

Irctc revenue sharing

IRCTC shares sharply recover after Govt scraps order on 50

WebOct 29, 2024 · The Indian Railways Catering and Tourism Corporation’s (IRCTC) revenue-sharing arrangement would be enforced from November 1, it said in a regulatory filing on … 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 …

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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 Share Price, Financials and Stock Analysis Indian Railway Catering And Tourism Corporation Ltd. NSE: IRCTC BSE: 542830 SECTOR: Travel Services 1103k 10k 2k 569.85 +3.10 (0.55%) NSE: 06 Apr 4:00 PM Price Summary Today's High ₹ 572.50 Today's Low ₹ 566.75 52 Week High ₹ 809 52 Week Low ₹ 557 FinStar Ownership Stable

WebOct 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 … 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 … 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.

WebJul 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...

WebOct 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 … phoenix vacation rental homes by ownerWebJul 10, 2024 · IRCTC's board has also recommended a final dividend of Rs 2.50 per equity share of face value of Rs 10 each for the financial year 2024-2024 (25 per cent of the paid-up share capital of Rs 160 ... tts thingsWebOct 28, 2024 · IRCTC to share 50% revenue from convenience fee with Indian Railways The revenue-sharing arrangement would be enforced from November 1, IRCTC said in a … tts-thailandWebOct 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 ... tts text-to-speechWebOct 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... tts theissen training systems gmbhWebOct 29, 2024 · Indian Railway Catering and Transportation Corporation ( IRCTC ), owned 67 per cent by the government, announced on Thursday that it has received a letter from the Ministry of Railway mandating it to share … phoenix vacation properties orange beachWebOct 29, 2024 · 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 transporter, an arrangement... phoenix vacation rentals gulf shores alabama