ITDC posts 1.38 Cr profit in half yearly (2019-20) results

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, announced half yearly results of the current financial year 2019-20. The company registered a total turnover of Rs. 152.00 cr in H1 ending September 2019. Profit before Tax (PBT) of Rs. 9.92 cr was achieved .It also registered net profit (total comprehensive income) of 1.38 cr. The meeting was chaired by Shri G. Kamala Vardhana Rao, new Chairman & Managing Director, India Tourism Development Corporation (ITDC).

These details were announced in the Board of Directors’ meeting of the company on 14th November, 2019 at the Group’s flagship hotel, The Ashok, New Delhi. The Hotel division was the major revenue contributor for the mentioned period.

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, the ITDC has diversified into non-hotel sectors like 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.