ITDC FY 2018-19 standalone profits up three fold
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India Tourism Development Corporation (ITDC) posted a significant performance for the financial year 2018-19. Total Income stood at Rs. 371.72 crore as compared to Rs. 366.42 crore in last financial year. Revenue from operations stood at Rs. 349.96 crore as compared to Rs. 339.71 crore in the last fiscal. The Corporation posted profit before tax (PBT) of Rs. 62.23 crore and profit after tax (PAT)*of Rs.42.16 crore in 2018-19 against Rs.40.12 crore and Rs.17.71*crore respectively in the previous year.
This financial year the company earned an operating profit of Rs. 26.06 crore as against operating loss of Rs. 10.09 crore in the last financial year from continued operations.
The total comprehensive income for the financial year 2018-19 is Rs. 43.93*crore as against Rs. 13.22*crore. during the previous year.
FY 2018-19 has been a crucial and important year for ITDC, especially in view of the ongoing disinvestment. The profit is result of several proactive initiatives taken by the organization during the year e.g. improvement in turnover, overall reduction in costs, process improvement, realignment of business policy& processes etc. to improve its productivity and efficiency.
The Corporation proposed a dividend of 21 per cent amounting to Rs. 21.71 crore including tax as compared to 18.5 per cent during last financial year.
*Includes net profit/loss for the period after tax (after exceptional items) of continued and discontinued operations.