ITDC Ltd reported -58.55% fall in total revenues for the Dec-20 quarter yoy on consolidated basis at Rs44.82cr. Its hotels division and its travels and tours business took a sharp hit for obvious reasons as these activities came to a virtual standstill post COVID. The international trade division managed to do relatively better but it was small in relative terms. However, revenues did improve on a sequential basis.
The consolidated Profit after tax (PAT) for the Dec-20 quarter dipped to a net loss of Rs-11.21cr. This was obvious as some of the fixed costs still had to be absorbed despite the fall in revenues. However, just as revenues have picked up on a sequential basis, the net loss has also narrowed on a sequential basis from Rs-19.73cr in the Sep-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
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ITDC |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 44.82 |
₹ 108.14 |
-58.55% |
₹ 26.68 |
67.99% |
|
Net Profit (Rs cr) |
₹ -11.21 |
₹ 10.33 |
N.A. |
₹ -19.73 |
N.A. |
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Diluted EPS (Rs) |
₹ -1.19 |
₹ 1.25 |
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₹ -2.28 |
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Net Margins |
-25.01% |
9.55% |
|
-73.95% |
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