ITDC Reports Flat Performance Amidst Growth in Profit and Non-Operating Income Concerns

Feb 13 2025 09:32 PM IST
share
Share Via
India Tourism Development Corporation (ITDC) has announced its financial results for the quarter ending December 2024, showing flat performance overall. The Profit After Tax (PAT) for the half-yearly period reached Rs 44.86 crore, reflecting a year-on-year growth of 20.13%. However, concerns arise regarding the sustainability of increased non-operating income.
India Tourism Development Corporation (ITDC), operating in the Hotel, Resort & Restaurants industry, has recently released its financial results for the quarter ending December 2024. The results indicate a flat financial performance for the period. Notably, the company's score has undergone an adjustment, reflecting a shift from its previous evaluation.

On a positive note, the Profit After Tax (PAT) for the half-yearly period stands at Rs 44.86 crore, showcasing a year-on-year growth of 20.13%. This trend suggests a favorable near-term outlook for PAT, indicating that the company is managing to enhance its profitability in this aspect.

Conversely, the financials also reveal a noteworthy increase in non-operating income, which reached Rs 6.77 crore for the quarter, marking the highest level in the last five quarters. However, this rise stems from income generated outside of core business activities, raising questions about the sustainability of such income streams.

Overall, ITDC's recent financial results highlight a mix of positive growth in PAT alongside concerns regarding the sustainability of non-operating income, leading to a revision in its score.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News