ITDC Achieves Record Profits, FY 2023-24 PBT Exceeds Rs 100 Cr

India Tourism Development Corporation (ITDC), a key public sector entity under the Ministry of Tourism, has announced its financial performance for the fiscal year 2023-24, marking a major achievement in its journey.

According to official statement, ITDC has achieved its highest-ever turnover and profit figures. The corporation has reported a total turnover of Rs. 527 crores, showcasing 16 per cent increase compared to the previous fiscal year. Additionally, the Profit Before Tax (PBT) has surged to Rs. 110 crores, marking a 34 per cent rise over the preceding period, accompanied by a Profit After Tax (PAT) of Rs. 72 crores.

MR Synrem, IAS, Managing Director of ITDC, expressed his pride and satisfaction, stating, "The fiscal year 2023-24 stands as a testament to ITDC's resilience and unwavering commitment to excellence. Our record-breaking financial performance underscores our dedication to delivering unparalleled value to our customers and stakeholders."

Across all major business verticals, ITDC has witnessed robust growth, showcasing its steadfast commitment to providing world-class hospitality and tourism experiences. This success underscores ITDC's customer-centric approach and relentless focus on quality and innovation.

ITDC remains steadfast in its mission to provide exceptional customer experiences, driven by a relentless pursuit of excellence and innovation. By consistently delivering superior quality, service, and amenities, ITDC has cemented its position as the preferred choice among travellers and business professionals alike.

Established in 1966, ITDC has been entrusted with the task of developing and expanding tourism infrastructure across India. The corporation has continually progressed, focusing on development, growth, and delivering world-class services and amenities to its guests. Apart from operating hotels, ITDC has diversified into non-hotel sectors such as ticketing, tours and travels, event management, duty-free shopping, publicity and printing consultancy, engineering consultancy, sound and light shows, and hospitality education and skill development – all under one roof.