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Internet ticketing has been IRCTC’s only profitable segment in FY21 so far

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Key takeaways Internet ticketing now accounts for 64% and 53% of the company's Q3FY21 and FY21 operational revenue, up from 27% of FY20 operational revenue. Internet ticketing has been the only profitable segment for the company in FY21. All other segments, Tourism, Rail Neer, and Catering, have posted losses. This quarter, internet ticketing earned ₹109 crore in profits, a fall of 44% YoY and an improvement of 78% QoQ. Internet ticketing was completely driven by convenience fees charged on online ticket bookings. * The Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) posted operational revenues of ₹224.37 crore for the quarter ended December 31, 2020, which is down 69% YoY but up 153% QoQ. Operations of the Indian Railways took a major hit in 2020, given the suspension of commercial railway operations in the first quarter of FY21 i.e. from April to June, thanks to the COVID-19 pandemic and related lockdowns. Operations have resumed since in a staggered manner. Total Expenses: ₹140.74 crore, down 70% YoY, up 35% QoQ Net Profit: ₹77.53 crore, down 62% YoY, up 127% QoQ Internet Ticketing only profitable segment in FY21 IRCTC handles online train ticket bookings for all trains operated by the Indian government. The segment accounts for 64% and 53% of the company's operational revenue in Q3FY21 and FY21 so far (nine months from April-December 2020), respectively. The segment made up only 27% of FY20 operational revenue. It was the only segment in which IRCTC earned profits in the entire financial year of 2020-21.…

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