ITDC posts Rs. 10.23 Cr profit in 3rd Quarter for the year 2019-20

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NEW DELHI, February 14,2020 – India Tourism Development Corporation (ITDC) Ltd, the public sector undertaking under the aegis of Ministry of Tourism, posted a noteworthy performance in the 3rd quarter for financial year 2019-20 with Rs. 10.23 Cr as profit.

The total turnover in third-quarter ending December 2019 stood at Rs. 108.13 cr and the company registered Profit before Tax (PBT) at Rs. 22.44 cr as compared to Rs. 12.02 cr in the corresponding quarter last year i.e. 2018-19. An increase of 10.42 cr as compared to the last financial year was registered.

The details were announced in the Board of Directors’ meeting of the company on 13th February 2020 at the Group’s flagship hotel, The Ashok, New Delhi.

The major contributor to the total revenue to the corporation was the hotel division.

About India Tourism Development Corporation:

ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth and world-class services and amenities to its guests. Apart from running Hotels, ITDC has diversified into non-hotel sectors such as Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.