IRCTC records Rs 20,000 crore from online ticketing; twice the revenue of Flipkart

tech2 News StaffNov 28, 2015 10:03:54 IST

While e-commerce sites are striving to get profitable, Indian Railway Catering and Tourism Corp (IRCTC) has managed to cross the Rs 20,000 crore mark during the last financial year. IRCTC is one of the most useful yet infamous ticketing website in India.

According to a report by The Economic Times, IRCTC's Rs 20,620 crore, which is nearly $3 billion, is almost double the turnover of India's biggest online retailer Flipkart. IRCTC generated through the revenue via online ticket sales last year until Mach 2015. It also means an increase of 34 percent from a year ago.

IRCTC has recorded a profit after tax of Rs 130 crore. "Bulk of the sales may be attributed to IRCTC's rapid growth in e-ticketing which has been due to its interface and setting up of a very robust process. Capacity enhancement was done to book 7,200 tickets per minute as against 2,000 tickets per minute in the existing system," said Sandip Dutta, public relations manager at IRCTC told the news site.

It also set a record of booking 13.4 lakh e-tickets on a single day in April this year. The report also adds that 55 percent of all tickets booked for Railways are now online. Furthermore, it also states 19 percent increase in income at Rs 1,141 crore, mainly due to factors such as service charges, Rail Neer water, onboard catering services and more.