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ITDC reports substantial rise in revenue and profits for the period ending December 2023

India Tourism Development Corporation (ITDC), a public sector undertaking under the Ministry of Tourism, revealed a significant boost in its turnover for the period until December 2023.

After a remarkable financial performance in FY 2022-23, ITDC is sustaining impressive results in 2023-24. The total cumulative turnover until December 2023 reached INR 393.56 crore, indicating a substantial increase of over INR 75.09 crore compared to the same period last year.

During the same period, the cumulative Profit Before Tax (PBT) reached INR 76.80 crore, reflecting a growth of over 26 percent compared to INR 60.84 crore in the corresponding period last year. Similarly, the Profit After Tax (PAT) for this period amounted to INR 55.71 crore, surpassing the INR 46.12 crore recorded in the corresponding period last year.

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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