Indian Railway Catering and Tourism Corporation (IRCTC), the exclusive entity entrusted by Indian Railways to oversee train food services and online ticket bookings, is poised to evaluate its Q2 financial results on Tuesday. Simultaneously, the board is set to deliberate on the prospect of declaring an interim dividend for FY 2023-24 during this pivotal meeting.
In anticipation of this significant event, IRCTC’s shares saw a one-percent surge, reaching Rs 670.6 per share on the National Stock Exchange (NSE). The company has demonstrated a promising performance, with its shares surging by 7.2 percent in the September quarter, signaling a period of robust growth.
According to an official exchange filing, referencing Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, November 17 has been designated as the record date for any potential interim dividend declaration. This date assumes a crucial role in determining eligible shareholders for dividend disbursements.
Since February 24, 2020, IRCTC has announced a total of eight dividends. The most recent of these dividends was an equity dividend of Rs 5.5 per share. Consequently, the forthcoming board meeting, along with the potential announcement of an interim dividend, is poised for close scrutiny by both market observers and shareholders alike.
