Hotels & Resorts Top Stories

ITDC posts INR 18 cr profit in Q1 FY 2022-23

The India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a remarkable performance for first quarter of the current financial year 2022-23. The total turnover in quarter ending June 2022 is INR 98.37 cr as compared to INR 47.72 cr in the corresponding quarter last year i.e. a jump of 106%.

The company registered Profit Before Tax (PBT) at INR 18 cr. as against a profit of INR 0.39 crore i.e. a jump of 4515% approx. All the business verticals have shown a significant increase in performance. Hotels Division has shown a growth of 74% approx. with an impressive growth in occupancy.

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