Shares of India Tourism Development Corporation Ltd. (ITDC) fell 3.07% to ₹541 on Tuesday, August 13, after the company reported a decline in profitability for the first quarter of FY26, despite a modest rise in revenue.
Q1 FY26 earnings highlights
- Revenue from operations stood at ₹87.74 crore, up 7.77% year-on-year from ₹81.43 crore in Q1 FY25. However, it dropped sharply from ₹199.94 crore in the previous quarter.
- Total income came in at ₹93.39 crore versus ₹84.98 crore a year ago, but down from ₹204.50 crore sequentially.
- Net profit fell 16.82% YoY to ₹9.75 crore from ₹11.72 crore, and declined significantly from ₹24.53 crore in Q4 FY25.
- Profit before tax rose 29.8% YoY to ₹12.51 crore but was lower compared to ₹34.49 crore in the preceding quarter.
Expense trends
Quarterly expenses increased slightly to ₹80.88 crore from ₹75.35 crore last year, driven by higher finance costs and depreciation. This was partially offset by a decline in employee benefit expenses.
Outlook
The company stated it will continue leveraging its hospitality and tourism assets across India to drive growth, despite seasonal and operational fluctuations.
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