Saturday, May 11, 2024

ITDC posts Unprecedented Financial Results In FY 2023-24- Profit Before Tax Surpasses Rs. 100 Crore

India Tourism Development Corporation (ITDC), a Public sector under the Ministry of Tourism, is thrilled to announce its exceptional financial performance for the fiscal year 2023-24, marking a significant milestone in its rich legacy and journey.

ITDC has soared to new heights, achieving its highest-ever turnover and profit figures. The corporation recorded a remarkable total turnover of Rs. 527 crores, reflecting an impressive 16% increase compared to the previous fiscal year. Additionally, the Profit Before Tax (PBT) surged to Rs. 110 crores, marking a 34% rise over the preceding period, with a Profit After Tax (PAT) of Rs. 72 crores.

Mr. M.R. Synrem, IAS, Managing Director of ITDC, expressed his pride & satisfaction, stating, "The fiscal year 2023-24 has been a testament to ITDC's resilience and commitment to excellence. Our record-breaking financial performance underscores our dedication to delivering unparalleled value to our customers and other stakeholders."

Across all major business verticals, ITDC has witnessed robust growth, demonstrating its unwavering dedication to providing world-class hospitality and tourism experiences. This success is a testament to ITDC's customer-centric approach and unwavering focus on quality and innovation.

ITDC remains committed to its mission of providing unparalleled customer experience, driven by a relentless pursuit of excellence and innovation. By consistently delivering superior quality, service, and amenities, ITDC has solidified its position as the preferred choice among travellers and business professionals alike.

About India Tourism Development Corporation:

ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth and world-class services and amenities to its guests. Apart from running Hotels, the ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.

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