Please find attached herewith transcript of Earning Conference Call on Q1FY27 results.

No. 2019/IRCTC/CS/STEX/356 August 19, 2026 BSE Limited National Stock Exchange of India Limited (Through BSE Listing Centre) (Through NEAPS) 1st Floor, New Trade Wing, Rotunda “Exchange Plaza”, C-1, Block-G, Building Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 Dalal Street Fort, Mumbai – 400 001 Scrip Code: 542830 Scrip Symbol: IRCTC Sub: Outcome of investors/analysts meet – Transcript of “Earning Conference Call on Q1FY27 Results” held on Thursday, August 13, 2026. Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Sir/Ma’am, In reference to our communication dated August 06, 2026, please find enclosed herewith the transcript of “Earning Conference Call on Q1FY27 Results” held on Thursday, August 13, 2026. You are requested to kindly take the same on record. Thanking you. Yours sincerely, For and on behalf of Indian Railway Catering and Tourism Corporation Limited (Suman Kalra) Company Secretary and Compliance Officer Encl: a/a “Indian Railway Catering and Tourism Corporation Limited Q1 FY26 Earnings Call” August 13, 2026 MANAGEMENT: MR. RAHUL HIMALIAN – CHAIRMAN AND MANAGING DIRECTOR TOURISM AND MARKETING – INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED MR. RAJNEESH NARAIN – DIRECTOR FINANCE – CHIEF FINANCIAL OFFICER – INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED MR. MANOJ KUMAR SHARMA – DIRECTOR CATERING SERVICES – INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED MODERATOR: MR. RAHUL JAIN – DOLAT CAPITAL MARKETS PRIVATE LIMITED Page 1 of 18 Indian Railway Catering and Tourism Corporation Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the IRCTC Limited Q1 FY27 earnings call hosted by Dolat Capital. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance duing the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rahul Jain from Dolat Capital. Thank you, and over to you, Mr. Rahul. Rahul Jain: Thank you, Nitesh. Good afternoon, everyone. On behalf of Dolat Capital, we welcome you all to the Q1 FY 2027 earnings conference call of IRCTC Limited. I take this opportunity to welcome the management of IRCTC, represented by Mr. Rahul Himalian-ji, who is CMD and Director Tourism and Marketing; Mr. Rajneesh Narain, who is Director Finance and CFO, and also we have today with us Mr. Manoj Kumar Sharma, who is Director Catering Services of the company. Now, I would like to hand the conference over to IRCTC management to take the proceedings forward. Over to you, Mr. CMD. Rahul Himalian: Namaskar. Good afternoon, ladies and gentlemen. I am Rahul Himalian, Director Tourism and Marketing and Chairman and Managing Director looking after. It is my pleasure to welcome you to IRCTC's earning call for the first quarter of this financial year 2026-2027. The financial results for the quarter were announced yesterday and have been duly filed with the stock exchanges. I would like to begin by sharing a brief overview of our performance, following which our Director Finance and CFO, Mr. Rajneesh Narain, will take you through the detailed financial and segment-wise performance. Quarter 1 of financial year 2026-2027 has been a quarter of resilient performance for IRCTC, reflecting the strength of our diversified business model and the continued momentum across our core business segments During the quarter, profit after tax stood at INR330 crores, supported by healthy performance across our Catering, Tourism, and Internet Ticketing segments. This performance was further supported by improved operational efficiencies and disciplined cost management. EBITDA stood at INR386 crores, registering a year-on-year decline of 2.77%. Despite this moderation, the company continued to maintain a strong operating performance during the quarter. Our revenue from operations increased to INR1,370 crores from INR1,160 crores in the corresponding quarter of the previous year, representing a robust year-on-year growth of 18.10%. The growth was primarily driven by strong contributions from the Catering and Tourism segments. Page 2 of 18 Indian Railway Catering and Tourism Corporation Limited August 13, 2026 Our performance continues to be supported by a strong brand, extensive customer reach, diversified business portfolio, and growing digital capabilities. We remain focused on enhancing operational efficiency while continuously improving the customer experience. Looking ahead, we remain committed to strengthening our existing business and developing new age offerings. We will continue to leverage technology, enhance operational capabilities, and explore emerging opportunities across tourism, hospitality, and value-added services. We remain confident that our strong financial position, resilient business model, and focus on operational excellence will enable us to sustain our growth momentum and create long-term and enduring value for all our stakeholders. And before I end, I would like to say that IRCTC is a customer-centric organization for that matter. For the external customer it stands for I Really Care Towards the Customer, IRCTC, and for the internal customer, our workforce, only when they are highly inspired and motivated. So for them, IRCTC stands for I Really Care To Contribute. So with this, the entire circle gets completed, and customer is god for us. With this brief overview, I would now like to hand over the call to Mr. Rajneesh Narain, Director of Finance & CFO, who will take you through the detailed financial and segmental performance. Thank you, and I wish all of you a very productive discussion. Rajneesh Narain Thank you, sir. Good afternoon, ladies and gentlemen. On behalf of the management of IRCTC, I extend a warm welcome to all of you to this earnings call to discuss our financial and operational performance for the Q1 2027. I am pleased to share that the company has delivered increased revenue during the quarter, reflecting our diversified business model and disciplined execution. Profit after tax stood sustainably at INR330 crores as compared by year-on-year for the mentioned period. Total revenue for the quarter reached INR1,370 crores, representing an 18.1% increase over the corresponding period last year. EBITDA stood at INR386 crores with a healthy EBITDA margin of 28.17%, although there is a slight decline in the margins due to changes in revenue mix, particularly higher contribution from catering and implication of additional HR cost of around INR20 crores and increase of direct cost in ticketing segment, our overall profitability remained strong and sustainable. Let me now briefly highlight the segment-wise performance. Internet Ticketing revenue stood at INR361 crores, up by about 0.5%, and nearly 89% of the reserved railway tickets in India are now booked through our online platform, underscoring our leadership in digital tech stack. This segment delivered an impressive EBITDA in excess of 80%, reflecting strong operating leverage and cost efficiency. Next, Catering recorded revenue of INR732 crores, achieving a robust growth of 33.82% year- on-year. Margins were impacted due to higher sales in train catering operations and pilot initiatives such as branded catering projects, along with our continued focus on enhancing customer value and passenger satisfaction. Page 3 of 18 Indian Railway Catering and Tourism Corporation Limited August 13, 2026 Despite this, the segment remains a steady and scalable growth driver, supported by rising passenger volumes and ongoing service improvements. The related sector, Rail Neer, generated revenue of INR109 crores, registering a 2.83% year-on-year growth with a margin of about 10%. Tourism delivered positive performa [Showing first 8,000 characters — download PDF for full document]