• EBITDA margin outlook: Following record revenue and EBITDA, IRCTC expects to sustain an overall EBITDA margin of 30% this year, while maintaining 10% to 12% margins in its catering, tourism, and Rail Neer divisions.
• Segment growth guidance: For FY27, management projects 20% growth in tourism, around 15% in catering, 9% to 10% in IT, and about 5% in Rail Neer.
• Long-term revenue mix: Over the next 5 years, catering's share of total revenue is expected to moderate from its current level of around 45%, offset by higher contributions from OTA, tourism, and IT non-convenience fee revenue.
• New train rollout: The Ministry of Railways plans to introduce over 200 new Vande Bharat sleeper and Amrit Bharat trains across the next 3 to 5 years, with postpaid Amrit Bharat services avoiding the 5% additional GST incurred on prepaid Vande Bharat trains.