India Tourism Development Corporation (ITDC), a public sector undertaking under Ministry of Tourism, Government of India, has shown a strong half-yearly performance in the current financial year. The company has posted a healthy 19.05 crore as Profit Before Tax on a turnover of Rs. 169.72 crore in the first half of the year ending September 30, 2018 in the ongoing financial year.
The 19.05 in PBT marks a robust increase of 36.46% over the same period last year when ITDC posted Rs. 13.96 crore in PBT. It registered Profit After Tax (PAT) of Rs. 15.52 cr as compared to Rs. 10.40 cr during the same period in the previous year.
As per the communication issued by the iTDC, the momentum generated in last financial year has also continued in first half of the financial year 2018-19 and Ashok Travels & Tours (ATT) and Ashok Events Division (AED) were among the major revenue contributors for the mentioned period.
ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth and world-class services and amenities to its guests.
Apart from running Hotels, the ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.
