ITDC takes a big leap with threefold increase in standalone profits to Rs. 43.93cr in FY 18-19

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a significant performance for the financial year 2018-19.  Total Income stood at Rs. 371.72 cr. as compared to Rs. 366.42 cr. in last financial year. Revenue from operations stood at Rs. 349.96 cr. as compared to Rs. 339.71 cr. in the last fiscal. Corporation posted profit before tax (PBT) of Rs. 62.23 cr. and profit after tax (PAT)*of Rs.42.16 cr. in 2018-19 against Rs.40.12 cr. and Rs.17.71*cr. respectively in the previous year. This financial year the company earned an operating profit of Rs. 26.06 cr. as against operating loss of Rs. 10.09 cr. in the last financial year from continued operations.  The total comprehensive income for the financial year 2018-19 is Rs. 43.93*cr. as against Rs. 13.22*cr. during the previous year. The results were announced in the Board Meeting of the company held on 30th May at the Group’s flagship hotel, The Ashok, New Delhi.*Includes net profit/loss for the period after tax (after exceptional items) of continued and discontinued operations.