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From NDTV

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IRCTC Is Back At 2020 Levels: Sales Up 46%, But Margins Have Been Squeezed

IRCTC Is Back At 2020 Levels: Sales Up 46%, But Margins Have Been Squeezed

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Low-margin catering now outweighs ticketing, costs are rising faster than revenue, and operating margin has slid from 46.8% to 32.2% since FY22.

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