ITDC puts up stable First Quarter Results, PBT at Rs 2.77 crore

By BW Hotelier 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 crore as compared to Rs 103.63 crore in the corresponding quarter last year. The company registered Net Profit Before Tax (PBT) at Rs 2.77 crore and Net Sales at Rs 96.95 crore as compared to Rs 0.30 crore and Rs 96.19 crore respectively in the corresponding quarter last year 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. In Q1, 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 per cent compared to 45 per cent in the corresponding quarter last year.