PSU NEWS
ITDC posts 1.38 Cr profit in half yearly 2019-20 results
New Delhi: India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, announced half yearly results of the current financial year 2019-20. The company registered a total turnover of Rs. 152.00 cr in H1 ending September 2019. Profit before Tax (PBT) of Rs. 9.92 cr was achieved .It also registered net profit (total comprehensive income) of 1.38 cr. The meeting was chaired by Shri G. Kamala Vardhana Rao, new Chairman & Managing Director, India Tourism Development Corporation (ITDC).
These details were announced in the Board of Directors’ meeting of the company on 14th November, 2019 at the Group’s flagship hotel, The Ashok, New Delhi. The Hotel division was the major revenue contributor for the mentioned period
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