India Tourism Development Corporation
(ITDC) Ltd, the public sector undertaking under the aegis of Ministry of Tourism, posted a noteworthy performance in the 3rd quarter for the financial year 2019-20 with Rs10.23cr as profit.
The total turnover in third-quarter ending December 2019 stood at Rs108.13cr and the company registered Profit before Tax (PBT) at Rs22.44cr as compared to Rs12.02cr in the corresponding quarter last year i.e. 2018-19. An increase of Rs10.42cr as compared to the last financial year was registered.
The major contributor to the total revenue to the corporation was the hotel division.
India Tourism Development Corporation Ltd is currently trading at Rs320.90, up by Rs11.35 or 3.67% from its previous closing of Rs309.55 on the BSE.
The scrip opened at Rs328.20 and has touched a high and low of Rs330.75 and Rs318.20 respectively.