IRCTC and DMRC Launch QR Code Integration for Seamless Delhi Metro Travel

On July 10, 2024, the Indian Railway Catering and Tourism Corporation (IRCTC), Delhi Metro Rail Corporation (DMRC), and the Centre For Railway Information Systems (CRIS) launched a pioneering initiative in Delhi NCR.

This initiative, part of the Government of India’s “One India—One Ticket” campaign, introduces a QR code-based ticketing system for seamless travel between mainline railways and the metro.

What is the QR Code-based Ticketing System?

The beta version of the Delhi Metro Rail QR code-based ticket was unveiled on July 10, 2024. It allows railway passengers to book DMRC QR code tickets via the IRCTC website and its Android app. Following successful testing, IRCTC CMD Sanjay Kumar Jain and DMRC MD Vikas Kumar announced plans for the regular version’s imminent release.

This new initiative aims to improve the travel experience for railway passengers by allowing them to book Delhi Metro tickets alongside their railway tickets on the IRCTC website. Passengers can choose to include metro tickets when confirming their rail journey or later through their booking history. Flexible cancellation options are also available.

Overall, the initiative by IRCTC, DMRC, and CRIS seeks to streamline travel and enhance customer convenience through easier ticketing, promoting digitalisation, and supporting efficient and eco-friendly transportation systems.

About IRCTC

Established in 1999, IRCTC is classified as a Mini Ratna (Category 1, Central Public Sector Enterprise). The Indian government has authorised it to offer online railway ticketing, catering services, and packaged drinking water on trains and at railway stations across India.

On July 11, 2024, IRCTC ‘s share price opened at ₹1,030.25, touching the day’s high at ₹1,041.80 as of 10:58 AM on the NSE.

Financial Highlights

In Q4FY24 results, IRCTC showed a 2% increase in consolidated net profit to ₹284 crore from ₹279 crore last year. Revenue from operations rose by 19% to ₹1,155 crore compared to ₹965 crore in the previous year. EBITDA grew by 11.6% to ₹362.4 crore with a margin of 31.4%. Internet ticketing contributed 31% to revenue, down from 32.8% last year. The catering business saw significant growth, up 34.1% to ₹530.8 crore, while Rail Neer and tourism units grew by 13.1% and 11.6%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.