ITDC Posts Significant Profit in Half Yearly

New Delhi: India Tourism Development Corporation, 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. 

 

Awards and Accolades:

 

• At the 52nd AGM ITDC declared a dividend of 13.30% amounting to Rs. 11.14 crore as recommended by the Board in the meeting held on 30th May, 2017. Out of Rs. 11.14 crore, an amount of Rs. 9.93 crore has been paid to the Government of India.

• Chef Arvind Rai, Executive Chef-The Ashok has been honored with ‘Best Chef of India- 4 to 5 Star Deluxe Heritage Classic Grand Category’ award at National Tourism Awards 2017.

• In addition to existing CSR activity, the Corporation has participated for Swachhta Pakhwara initiative under the aegis of Government of India with an aim to push regular cleanliness at office premises being a responsible Public Sector Undertaking.

• The Ashok Hotel was honored by Safari India Awards as the ‘BEST MICE HOTEL’ in the industry.

• ATT, A travel solutions unit of ITDC tied up with the “Controller General of Defense Accounts (CGDA)” to provide e-ticketing solutions.