Comments
India Tourism Development Corporation (ITDC) has reported a ₹8.35 crore net loss in the second quarter of financial year 2017-2018. This is more than double the ₹3.01 crore loss reported by the public sector undertaking in the corresponding quarter of the last financial year.
The company’s topline fell to ₹76.2 crore for the quarter under review. This is 4.5 per cent lower than the ₹79.5 crore total income reported in the same quarter of the previous fiscal.
ITDC’s hotel division reported a ₹5.97 crore against a profit ₹6.66 crore in the comparable quarter of the last financial year.
There was a turnaround in the travels and tours business that reported a profit of ₹2.15 crore. This business had reported a loss of ₹ 12 crore in the same period last year.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.