ITDC posts Rs. 11.55 Cr profit in 3rd Quarter for the year 2018-19

India Tourism Development Corporation (ITDC) Ltd, the public sector undertaking under the aegis of the Ministry of Tourism, registered a respectable performance in the 3rd quarter of the current financial year 2018-19. The total turnover in the third quarter ending December 2018 stood at Rs. 100.77 cr as compared to 103.71 crores during the previous quarter of the last year. The company registered Profit Before Tax (PBT) at Rs. 11.55 cr for the quarter ended December 2018.

These details were announced in the Board of Directors’ meeting of the company held on 14th February 2019 at the Group’s flagship hotel, The Ashok, New Delhi.

The major contributors to the total revenue to the corporation were the Hotels Division and Ashok International Trade Division (AITD) among others.

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.