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India Tourism Development Corporation (ITDC) Puts up Stable Performance in Q1, 2015-16 | ||
New Delhi, Delhi, India India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a stable performance for first quarter of the current financial year 2015-16. The total turnover in quarter ending June 2015 stood at Rs.105.96 cr as compared to Rs.103.63 cr in the corresponding quarter last year. The company registered Net Profit Before Tax (PBT) at Rs.2.77 cr and Net Sales at Rs.96.95 cr as compared to Rs.0.30 cr and Rs.96.19 cr respectively in the corresponding quarter last year i.e. 2014-15.
These details were announced in the Board of Directors’ meeting of the company today on 14th August, 2015 at the Group’s flagship hotel, The Ashok, New Delhi.
Buoyed by the positive market sentiment after the NDA government came into power, the tourism sector has seen renewed impetus helping ITDC to post a robust performance in the last financial year. In Q 1, 2015-16 the momentum generated in the last financial year seem to have continued posting profit yet again. Also, The Ashok group of hotels has been in the forefront of innovative marketing initiatives ensuring consistency in sales and occupancy. The company has registered an occupancy rate of 47% compared to 45% in the corresponding quarter last year.
Awards and Accolades:
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Media Contact Details
Zeeshan Ali
Adfactors PR +91-9716397000 Geetika Mudgal
Adfactors PR +91-8376088395 |
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