ITDC had posted a net profit of Rs9.41 crore during the same period of previous fiscalNew Delhi: State-run India Tourism Development Corporation (ITDC) on Monday reported a two-fold jump in net profit at Rs18.75 crore for the first quarter ended 30 June 2017. The company had posted a net profit of Rs 9.41 crore during the same period of previous fiscal, ITDC said in a BSE filing. Total income during the quarter under review stood at Rs96.19 crore as against Rs91.41 crore in the year-ago period, up 5.22%. The company’s revenue from the hotel division during the period was Rs63.77 crore as compared to Rs66.59 crore in the corresponding quarter of last fiscal. The hotels in which the divestment is under process include, Hotel Pondicherry Ashok, Hotel Jaipur Ashok, Hotel Kalinga Ashok and Hotel Lalitha Mahal Palace, among others.

Source: Mint August 14, 2017 10:30 UTC