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#496 Daily Money Show | Money Purse Stock Market News
Original: # 496 Daily Money Show | Money Purse Stock Market News
Takeaway
IRCTC Q3 disappointed on margins from input cost rise and flat internet-ticketing - the easy growth phase for that segment looks done.
Summary
- IRCTC Q3 numbers: Rs 163 crore profit; higher operating expenses from raw material and academic energy prices created a Rs 37 crore drag.
- Segment view - catering, rail Neer and tourism segment revenues moved; internet ticketing flat with about Rs 3.50 service fee per ticket dynamics.
- Mutual fund space - Angel Broking acquiring another AMC's mutual fund business.
- Generally reflects modest results season tone with internet-ticketing maturity for IRCTC.
irctcresultsmutual-funds
Original description
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