Indian Railway Catering and Tourism Corporation Limited (IRCTC), the public sector enterprise (PSE) under the Ministry of Railways that handles the catering tourism and online booking from the website Irctc.co.in for the Indian Railways, has recorded online sales of 44.1 million tickets in the year 2008-2009, a 130% increase from last year, which saw sales of 18.9 million tickets. The value of the tickets has also seen a two-fold increase to Rs. 38.89 billion ($875 million) in 2008-09; last fiscal they came to Rs. 17.05 billion ($383.5 million). The highest number of tickets booked in a single day was 226,925. Profit, Revenue Contribution In the fiscal, the company undertook measures to cut down expenses, while retaining its high growth. Revenue continued its upward course, with a net profit of Rs. 465 million on income of Rs. 6.18 billion. IRCTC witnessed a 17.3% growth in total income and almost Rs.257.5 million ($5.8 million) rise in net profit compared to the previous year. Its revenue contribution to Indian Railways rose 21.5% to Rs. 762.6 million from Rs. 627.6 million in 2007-08. Dividend IRCTC has declared a 46% dividend, amounting to Rs. 93.1 million. The total outgo will be Rs. 105.9 million during the year. Related -News Digest: MyFM, RCOM, Shaadi, IRCTC, TringMe, Nokia, SBI, IRDA, FrontLine, Tejas, Swan, TechM -IRCTC Does $102 Million In Online Transactions In August; Payment Trends; HDFC, ICICI, Cash Cards Significant
