ITDC Q1 net profit jumps two-fold at Rs 18.75 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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26 Aug, 2025 12:21

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State-run India Tourism Development Corporation (ITDC) today reported a two-fold jump in net profit at Rs 18.75 crore for the first quarter ended June 30, 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 Rs 96.19 crore as against Rs 91.41 crore in the year-ago period, up 5.22 per cent.

The company's revenue from the hotel division during the period was Rs 63.77 crore as compared to Rs 66.59 crore in the corresponding quarter of last fiscal.

The state-run firm is looking to divest or offload its stake in all hotels run by it except Ashok and Samrat hotels in the national capital.

The company said the process of divestment is going on.

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.

The government is looking at leasing ITDC hotels with management right to private companies as part of its efforts to monetise the properties owned by the state-run firm.

Shares of the company ended 8.82 per cent up at Rs 482.85 on BSE.