ITDC posts H1FY19 profit of Rs 16 crore

New Delhi: India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the ministry of tourism, posted a profit after tax of Rs 15.52 crore in its half yearly results of the current financial year 2018-19. The company registered a total turnover of Rs 169.72 crore in the quarter ending September 2018. It reported a profit before tax (PBT) of Rs 19.05 crore during this period as compared to Rs 13.96 crore in the corresponding period last year, clocking an increase of 36.46 %. It registered profit after tax (PAT) of Rs 15.52 crore compared to Rs 10.40 crore during the same period in the previous year.

These details were announced in the Board of Directors’ meeting of the company on 14th November, 2018 at the Group’s flagship hotel, The Ashok, New Delhi.

"The momentum generated in last financial year has also continued in the first half of the financial year 2018-19. Ashok Travels & Tours (ATT) and Ashok Events Division (AED) were among the major revenue contributors for the mentioned period," said a spokesperson from ITDC.