ITDC Reports Record Financials for 2023-24

The PSU has clocked in its strongest ever revenue and profit. ITDC has said that it expects the numbers to improve going forward as it focusses on innovation.

By Sam 13 May 2024

in Industry

Hotel

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New Update

India Tourism Development Corporation (ITDC)has announced record financial numbers for the fiscal year 2023-24. The PSU, under the ministry of tourism, has recorded its highest ever turnover and profits.

ITDC has reported record financial numbers for 2023-24

The Numbers

ITDC has reported a total turnover of Rs. 527 crores, an increase of 16% compared to the previous fiscal year. Besides, the profit before tax (PBT) has surged to Rs. 110 crores, up 34% over the last financial year, with a net profit of Rs. 72 crores.

ITDC MD — M R Synrem, Managing Director, ITDC

What ITDC Said

Speaking on the results, M R Synrem, Managing Director of ITDC, said, "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, showcasing its unwavering dedication to providing world-class hospitality and tourism experiences.

#ITDC #Results #Synrem