IRCTC stock gained 0.44 percent before the October 7 hearing

Published on 10/07/2026 at 03:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IRCTC stock was last at INR 454.80 on October 6, 2026, after a 0.44 percent rise. June-quarter revenue rose 18.1 percent, while profit slipped 0.3 percent year over year.

IRCTC, INE335Y01020, Illustration mit AI erstellt.

IRCTC stock (ISIN INE335Y01020) was last at INR 454.80 on NSE on October 6, 2026, at 3:29 p.m. IST, up 0.44 percent from INR 452.80. The market is weighing a Delhi High Court hearing scheduled for October 7 over alleged technical and operational failures in the online train reservation system.

Online booking faces court scrutiny

According to CNBC TV18 on September 30, 2026, the court listed the matter for October 7 and sought the Railways' stand on a petition alleging recurring booking failures during periods of high demand.

The petition cites login problems, booking-session termination, payment failures and cases in which money was deducted without a ticket being generated. The court record described allegations rather than a finding against IRCTC, leaving system reliability as the immediate operational issue for the company.

Revenue grows faster than profit

IRCTC's June 2026 quarter delivered revenue of INR 1,370 crore, up 18.1 percent year over year, while net profit was INR 330 crore, down 0.3 percent. Sector Alpha also reported an operating margin of 28.0 percent, 6.0 percentage points below the comparable quarter.

That split is the key financial comparison: sales expanded by 18.1 percent, but profit contracted by 0.3 percent. For investors, the court hearing and the margin trend point to the same pressure point, namely whether higher booking activity can translate into dependable earnings after operating costs.

Targets sit above the market price

Choice Institutional Equities initiated coverage with a Buy rating and a INR 560 target, according to Business Today on September 22, 2026. The brokerage cited IRCTC's digital ticketing position and broader railway services, while projecting an EBITDA margin of 29 percent for FY2027.

A separate 10-analyst consensus carried a Buy rating and an average 12-month target of INR 621.78, as reported by Multibagg on October 5, 2026. That target lies 36.72 percent above the October 6 price, but the latest quarter shows why revenue growth alone does not settle the valuation debate.

IRCTC stock stays below its yearly high

IRCTC stock was last at INR 454.80 on NSE on October 6, 2026, with a 52-week range of INR 446.50 to INR 735.75 and volume of 718,254 shares. Its market capitalization was INR 363.8 billion on the same date, placing the stock 38.19 percent below its 52-week high.