HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Hotels
HOTELS

India Tourism Development Corporation’s profit surges 76% in Q1, 2017

Monday, August 14, 2017, 18:30 Hrs  [IST]
By HBI Staff | New Delhi

India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a remarkable performance for first quarter of the current financial year 2017-18.

The total turnover in quarter from April to June 2017 increased to INR 109.60 cr as compared to INR 91.42 cr in the corresponding quarter last year. The company registered Net Profit Before Tax (PBT) at INR 25.19 cr as compared to INR 14.30 cr in the corresponding quarter last financial year i.e. 2016-17, an increase of 76.15% from last year.

The aforesaid information is based on the new Indian accounting standards 2017 (Ind AS) as applicable from April 1, 2017.

These details were announced in the Board of Directors’ meeting of the company held on August 14, 2017 at the group’s flagship hotel, The Ashok, New Delhi. Buoyed by the profits in last financial year 2016-17, ITDC has posted good performance for this year as well.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
 
CoverStory
Analysis
 
  Pursuite.com expands category portfolio to FF&E products
  Philips Lighting adds one more LightLounge with Hue Premium Zone concept in Bengaluru
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
OTM
Bombay Convention & Exhibition Centre, Mumbai
January 18-20, 2018
SATTE
Pragati Maidan New Delhi
January 31 to February 2, 2018
Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES