ITDC posts significant 14.18 cr profit in half yearly results

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a significant performance in half yearly results of the current financial year 2017-18. The total turnover in H1 ending September 2017 increased to Rs. 172.49 cr as compared to Rs. 170.94 cr in the corresponding H1 last year. The company registered Profit Before Tax (PBT) at Rs. 14.18 cr as compared to Rs. 9.59 cr in the corresponding H1 last year i.e. 2017-18, an increase of 48 % as compared to the last financial year. These details were announced in the Board of Directors’ meeting of the company on 14th November, 2017 at the Group’s flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in first half of the financial year 2017-18.