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India Tourism Development Corporation, the public sector undertaking under the Ministry of Tourism, has reported an 18 per cent drop in standalone net profit at ₹18.07 crore for the fourth quarter of financial year 2015-16 against ₹22.06 crore for the corresponding quarter previous fiscal.
The company’s total income from operations dropped 7.5 per cent to ₹133.13 crore from ₹143.98 crore.
ITDC has informed the BSE that the board has recommended a dividend of 15 per cent on the equity share capital (i.e. ₹1.50 per share) aggregating ₹12.86 crore for the financial year 2015-16.
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