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.
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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.
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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.
