 "ITDC zooms 20% on robust Q4 results")
Shares of India Tourism Development Corporation (ITDC) has locked in upper circuit of 20% at Rs 184 on the BSE after reporting nearly five-fold jump in standalone net profit at Rs 22.07 crore for the fourth quarter ended March 31, 2015 (Q4), on back of strong operational performance.
The government owned company engaged in hotels business had profit of Rs 4.53 crore in the year ago quarter.
Income from operations during the quarter increased by 22% at Rs 143 crore against Rs 118 crore in the corresponding quarter of previous year. Total expenditure rose 10.5% to Rs 126 crore on year-on-year basis.
The stock opened at Rs 170 and hit a low of Rs 165 so far. Till 1026 hours, around 23,000 shares changed hands and there were pending buy orders for 27,825 shares on the BSE.
The government owned company engaged in hotels business had profit of Rs 4.53 crore in the year ago quarter.
Income from operations during the quarter increased by 22% at Rs 143 crore against Rs 118 crore in the corresponding quarter of previous year. Total expenditure rose 10.5% to Rs 126 crore on year-on-year basis.
The stock opened at Rs 170 and hit a low of Rs 165 so far. Till 1026 hours, around 23,000 shares changed hands and there were pending buy orders for 27,825 shares on the BSE.