India Tourism Development Corporation (ITDC) registered a total turnover of INR 169.72 cr in H1 ending September 2018. This was announced in the Board of Directors’ meeting of the company on November 14, 2018, at the group’s flagship hotel, The Ashok, New Delhi.
The Profit Before Tax (PBT) of INR 19.05 cr was achieved during this period as compared to INR 13.96 cr in the corresponding period last year i.e. 2017-18, clocking an increase of 36.46 %. It also registered Profit After Tax (PAT) of INR 15.52 cr as compared to INR 10.40 cr during the same period in the previous year.
The momentum generated in the last financial year has also continued in the first half of the financial year 2018-19. Ashok Travels & Tours and Ashok Events Division were among the major revenue contributors for the mentioned period.