ITDC achieves stellar revenue and profit growth until December 2023

Saturday, February 10, 2024

The India Tourism Development Corporation (ITDC), a governmental entity operating under the Ministry of Tourism, recently disclosed a significant increase in its turnover up to December 2023. Demonstrating a remarkable financial performance for the fiscal year 2022-23, ITDC has continued to showcase strong financial results into the 2023-24 period. By December 2023, the organization’s total turnover reached Rs. 393.56 Crore, marking a notable rise of more than Rs. 75.09 Crore in comparison to the same timeframe in the previous year.

For the same period, the Profit Before Tax (PBT) ascended to Rs. 76.80 Crore from Rs. 60.84 Crore noted during the last year’s corresponding period, representing a growth exceeding 26%. Similarly, the Profit After Tax (PAT) for the period under review was reported at Rs. 55.71 Crore, up from Rs. 46.12 Crore in the year-ago period.

Mr. M. R. Synrem, IAS, Managing Director, ITDC, commented, “ITDC is pleased to announce robust growth and outstanding performance in the Q3 of fiscal year 2023-24. This achievement underscores ITDC’s commitment to excellence, sound financial stewardship, and delivering tangible value to our stakeholders. As ITDC expands its footprint in the dynamic tourism and hospitality sector, we remain steadfast in our mission to drive tourism growth in India while embracing sustainable practices.”

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