India Tourism Development Corporation's Q1 FY 2025-26 Quarterly Results

Result Summary

• India Tourism Development Corporation Ltd reported a 38.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 5.6%.
• Its expenses for the quarter were down by 32.5% QoQ and up 2.6% YoY.
• The net profit decreased 38.0% QoQ and decreased 17.6% YoY.
• The earnings per share (EPS) of India Tourism Development Corporation Ltd stood at 1.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

India Tourism Development Corporation Ltd (ITDC) operates primarily in the tourism and hospitality industry. It provides services that include hotel management, catering, and tourism-related services. The company is known for operating a network of hotels under the Ashok Group brand. Additionally, ITDC is involved in providing travel and tour services, duty-free shopping, and event management. As a government-owned corporation, ITDC plays a significant role in promoting tourism in India. Recently, there have been no major developments specific to ITDC reported in the financial data provided.

Revenue

In the first quarter of fiscal year 2026 (Q1FY26), India Tourism Development Corporation Ltd reported a total income of ₹93.40 crores. This represents a 5.6% increase compared to the same quarter of the previous year (Q1FY25), where the total income was ₹88.47 crores. However, there was a significant decrease of 38.7% compared to the fourth quarter of fiscal year 2025 (Q4FY25), which recorded a total income of ₹152.41 crores. This fluctuation in revenue could reflect seasonal variations in the tourism and hospitality industry or other external factors affecting income generation.

Profitability

The profit before tax (PBT) for Q1FY26 was ₹12.52 crores, showing a YoY increase of 29.9% compared to ₹9.64 crores in Q1FY25. On a QoQ basis, there was a notable decline of 61.5% from Q4FY25's PBT of ₹32.56 crores. After accounting for tax expenses, the profit after tax (PAT) for Q1FY26 was ₹9.74 crores. This marked a decrease of 17.6% from the PAT of ₹11.82 crores in Q1FY25 and a 38.0% decrease from ₹15.71 crores in Q4FY25. The earnings per share (EPS) followed a similar trend, showing a YoY decrease of 21.4% and a QoQ decrease of 38.9%.

Operating Metrics

The total expenses for Q1FY26 amounted to ₹80.88 crores, which is a 2.6% increase from the previous year's same quarter (Q1FY25) when the expenses were ₹78.83 crores. Compared to Q4FY25, there was a decrease of 32.5% in total expenses, which stood at ₹119.77 crores in that quarter. The tax expense for Q1FY26 was ₹2.66 crores, a significant decline from Q4FY25's tax expense of ₹16.22 crores. However, compared to Q1FY25, where the company reported a tax credit of ₹2.14 crores, the tax expense in Q1FY26 marks a substantial change. These shifts in operating metrics may reflect changes in operational efficiency or variations in tax policies or provisions.