Showing posts with label India Tourism Development Corporation. Show all posts
Showing posts with label India Tourism Development Corporation. Show all posts

Wow!!! ITDC earns Rs 27 million profit in First Quarter 2015

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. 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 percent compared to 45 percent in the corresponding quarter last year.