Home Luxury Hotels ITDC Surges High on Profit in Q1, 2016-17

ITDC Surges High on Profit in Q1, 2016-17

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 2016-17. The total turnover in quarter ending June 2016 increased to Rs.110.5 cr as compared to Rs. Rs.105.96 cr in the corresponding quarter last year. The company registered Net Profit Before Tax (PBT) at Rs. 13.78 cr as compared to Rs. 2.77 cr in the corresponding quarter last financial year i.e. 2015-16, an increase of a significant 397 per cent from last year.
These details were announced in the Board of Directors’ meeting of the company held on 12th August, 2016 at the Group’s flagship hotel, The Ashok, New Delhi. Buoyed by the profits in last financial year 2015-16, ITDC has posted good performance for this year as well.

Awards and Accolades:
• Hotel The Ashok bagged the award for ‘Best Hotel Based Meeting Venue’ at the coveted National Tourism Awards 2016
• Chef M U Kasture, Executive Chef-The Ashok has been honored with ‘Best Chef of India’ award at National Tourism Awards 2016
• ITDC is the official event management agency for Bharat Parv, 2016- a week-long celebrations of Indian culture, cuisine and unity at Rajpath being organized by Ministry of Tourism.
• ITDC has adopted Qutub Minar as a part of its CSR initiative under the aegis of Government of India’s Swacch Bharat Abhiyan and organizes regular cleanliness drives at the monument’s premises