ITDC Profit Surges in Q1 2017

ITDC Profit Surges in Q1 2017

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 ending June 2017 increased to Rs.109.60 cr as compared to Rs. Rs. 91.42 cr in the corresponding quarter last year. The company registered Net Profit Before Tax (PBT) at Rs. 25.19 cr as compared to Rs. 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 1st April 2017.
 
 
 
 

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