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<ul><li><keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword> is set to announce its fourth-quarterly results on July 10.</li><li>This time due to the “outbreak of COVID-19, there has been a decrease in train journeys by the passengers due to restriction on public movement, which led to less number of ticket bookings during March 2020, resulting in a drop in e-ticketing earnings through convenience fee,” <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cd5901b-5ff6-4cf2-b635-22b6e20d4740.pdf">the company said</a>. </li></ul>Indian Railway Catering and Tourism Corporation (IRCTC) is set to announce its fourth-quarterly results on July 10 after postponing it once due to <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cd5901b-5ff6-4cf2-b635-22b6e20d4740.pdf">“unavoidable circumstances</a>.” The shares of the nearly $3 billion company have been trending down for a month now. The stock has lost about 9.28% in the last one month. <div type="image" title="IRCTC Stock Price (1)" msid="76866439" hostid="261"></div> Investors aren’t very hopeful of the company’s immediate prospects after it intimated stock exchanges of the <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cd5901b-5ff6-4cf2-b635-22b6e20d4740.pdf">material impact of COVID-19 pandemic on its revenue.</a> The coronavirus crisis forced people to avoid unessential travel. <div type="Article" hostid="261" msid="76618590" title="How does IRCTC make money" mstype="2" mssubtype="0"></div> As a player in travel and hospitality sector, IRCTC's prospects are dim but being a monopoly means everything that's on the table belongs to it. That would explain the spectacular margins it earns in different segments. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Segment </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Margin </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Contribution to revenue </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ticketing </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">85% </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31.60% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Catering </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">33-35% </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37.50% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rail Neer </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.10% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tourism </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26-28% </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">22.50% </td></tr></tbody></table>*All these are gross margins, except in ticketing, which is operating margin Source: Prabhudas Lilladher Analysts however see IRCTC as a good stock for the long term. “Despite near term challenges, we believe IRCTC is best placed to bounce back once COVID fear resides as structural levers remain intact... However, we would advise staggered buying and do not rule out near term weakness," a Prabhudas Lilladher report in April said, pegging a target price of ₹1,656, which would imply an 16% gain in the next one year compared to the share price on July 08. SEE ALSO: <a href="https://www.businessinsider.in/india/news/irctc-website-crashes-as-it-reopened-for-booking-after-50-days-now-it-will-be-open-for-bookings-from-6-pm/articleshow/75675640.cms" data-type="tilCustomLink">IRCTC website crashes as it reopened for booking after 50 days — now, it will be open for bookings from 6 pm</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-infosys-wipro-and-tech-mahindra-what-to-expect-from-earnings/articleshow/76865753.cms" data-type="tilCustomLink">TCS and Infosys to face least impact — Indian IT companies likely to report sharp decline in revenue during first quarter</a>

IRCTC shares on the edge waiting for the first lockdown earnings

<ul><li>The <keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword> website home page continuously loads without showing any log in page.</li><li>The Railway Ministry said ticket bookings will be available in a short while as they are feeding data on the website.</li><li>The Indian Railways on April 11 announced that it will resume a limited number of passenger services after an almost 50-day hiatus. </li></ul>The official website of Indian Railways, IRCTC, crashed 20 minutes after it reopened booking for selected trains. The IRCTC website home page failed to load and users couldn’t login. While those who are able to view say bookings will be available <a href="https://twitter.com/Ankit_Tyagi01/status/1259805580186677249">after 6pm instead </a>of 4pm as scheduled. <div type="twitter" handle="Ankit_Tyagi01" handlename="Ankit Tyagi" image="http://pbs.twimg.com/profile_images/1252263013689638913/qgeL7Enp_normal.jpg" favoritecount="1" retweetcount="2" status="Breaking: ⁦@RailMinIndia⁩ defers booking of tickets to 6 pm.. IRCTC says readying website for the special trains. https://t.co/ZOPFER3FDV" createdat="1589196031000" id="1259805580186677249"></div> The Railway Ministry said ticket bookings will be available in a short while as they are feeding data on the website. <div type="twitter" handle="RailMinIndia" handlename="Ministry of Railways" image="http://pbs.twimg.com/profile_images/485049154880536576/ZoQ3rXKw_normal.png" favoritecount="3278" retweetcount="739" status="Data pertaining to special trains is being fed in the IRCTC website. Train ticket bookings will be available in a s… https://t.co/tQH6PLkI3H" createdat="1589194811000" id="1259800466432626692"></div> The Indian Railways on April 11 announced that it will resume a limited number of passenger services after an almost 50-day hiatus. As many as 15 trains will start operating from New Delhi to other cities like Chennai, Thiruvananthapuram, Mumbai etc. Passengers can book these trains up to seven days in advance. Here's the complete list of 15 trains that will run starting tomorrow (May 12), for which bookings were opened today: <div type="twitter" handle="PIB_India" handlename="PIB India #StayHome #StaySafe" image="http://pbs.twimg.com/profile_images/974552536408444928/TVZG_9jP_normal.jpg" favoritecount="48" retweetcount="13" status=".@RailMinIndia announces timings of 15 pair of special trains (thirty trains) that shall be operated w.e.f. 12th Ma… https://t.co/8zJefHZoDJ" createdat="1589201976000" id="1259830518570311681"></div> All the trains will be air-conditioned and will run on full-capacity on the Rajdhani route from Delhi to all the major cities of the country. The fares will be equivalent to Rajdhani fares. Since the trains will be operated amidst the lockdown, only those passengers with confirmed e-tickets shall be allowed to enter the station, a Ministry of Home Affairs order stated. Online cancellation shall be permitted up to 24 hours before scheduled departure of train. Cancellation charge shall be 50% of fare. (WITH PTI) SEE ALSO: <a href="http://businessinsider.in/india/news/indian-railways-new-rules-for-train-passengers-no-linen-and-only-packaged-food-allowed/articleshow/75675286.cms">Indian Railways' new rules for train passengers —no linen and only packaged food allowed</a>

IRCTC website crashes as it reopened for booking after 50 days — now, it will be open for bookings from 6 pm

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IRCTC shares on the edge waiting for the first lockdown earnings

Navdeep Yadav

IRCTC website crashes as it reopened for booking after 50 days — now, it will be open for bookings from 6 pm

Preeti Soni

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