Irctc revenue sharing

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August undefined, 2024

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... WebOct 29, 2024 · State-owned IRCTC was asked to share 50 per cent of its revenue that it earned from the convenience fee for Indian Railways bookings. The railway ministry had informed IRCTC that the revenue-sharing plan would be applicable from November 1. IRCTC’s annual report indicated that it earned Rs 299.13 crore from convenience fee …

IRCTC Revenue Sharing: Railway Ministry Withdraws …

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 … WebNov 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. can a deer heal from a broken leg

IRCTC FY20 results: Profit jumps 71% to Rs 528.57 crore, revenue …

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, … WebOct 29, 2024 · Earlier on Thursday evening, the Railways had asked IRCTC to share 50 per cent of its revenue earned as convenience fee from bookings on its website with the … WebOct 28, 2024 · MUMBAI: The Ministry of Railways has through a letter asked Indian Railways Catering and Transportation Corporation to share 50 per cent of the revenue from the … can a deer survive being hit by a car

Govt seeks 50% share of IRCTC convenience fee - @businessline

IRCTC stock recovers losses as government reportedly withdraws decision …

WebOct 30, 2024 · IRCTC will be sharing its revenue with the Government. In a recent development, the Ministry of Railways has ordered the Indian Railway Catering and Tourism Corporation (IRCTC) to share 50% of the ... 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 … can a deer die from getting shot in the neckWebAug 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. fisher county election results

"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 segment with the Indian ... " - Irctc revenue sharing

Irctc revenue sharing

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

WebOct 29, 2024 · IRCTC shares surged 15 per cent to Rs 949.65 on the BSE in intra-day trade on Thursday after the scrip had turned ex-stock split (sub-division of equity shares). IRCTC shares had hit a record... 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 ...

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WebJul 6, 2024 · Private players to begin rail passenger services by April 2024, will run only 5% of trains: Railways. Private train operations in the country will begin by April 2024, and the ticket fares in ... WebOct 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...

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 … 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 …

WebOct 29, 2024 · However, nearly two hours after the markets opened and the sharp fall in share prices, the Department of Investment and Public Asset Management said that the Ministry of Railways had decided to withdraw its decision of asking IRCTC’s to share 50 per cent revenue collected from convenience fee. WebOct 28, 2024 · The new revenue-sharing arrangement would be enforced from November 1, IRCTC said in its filing on October 28. The company is a monopoly in the Indian railways …

WebDec 4, 2024 · IRCTC Share Price Target for 2027. IRCTC’s highest earning comes from its catering business, which accounts for 55% of its total revenue, online ticket booking accounts for 12.3% of its revenue, which is growing at the rate of 13% every year. 35% of the company’s total revenue comes from its tour package business.

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, … fisher county judge texasWebOct 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 … can a deer survive on 3 legsWebOct 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... fisher county homes for saleWebIRCTC 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 fisher county physical therapyWebOct 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 … can a default divorce be overturnedWebOct 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 … can a deer survive a broken legWebApr 1, 2024 · IRCTC will be sharing its revenue with the Government. In a recent development, the Ministry of Railways has ordered the Indian Railway Catering and … can a deer swim