Profit of ITDC jumps by 41% to Rs. 25.51 cr in the 1st Quarter of FY 2023-24


Registers highest-ever turnover and Profit in Q1 2023-24 in comparison with first quarter of the past six years

India Tourism Development Corporation (ITDC), a Mini Ratna public sector undertaking under the aegis of the Ministry of Tourism, announced another astounding financial performance for the quarter ending June 30th, 2023, achieving the highest-ever turnover and Profit in comparison with the first quarter of the past six years. 

The company achieved a turnover of Rs 121.83 cr in Q1 2023-24 as compared to Rs 98.40 cr in Q1 2022-23 – registering a growth of 24%. The Profit before tax climbed to Rs 25.51 cr as against Rs 18.05 cr during the corresponding quarter last year, showcasing 41% growth. Profit after tax also took a leap of 62%, rising from 10.97 cr in Q1 2022-23 to 17.83 cr during the same quarter this year.

Commenting on the same, Lokesh Kumar Aggarwal, Director (Finance-C&M), ITDC, said, “This quarter, ITDC forges yet another tale of triumph through its extraordinary offerings and consumer-focused services. These growth figures demonstrate a steep growth path that ITDC is treading upon as we achieve the highest-ever turnover and profit in Q1 by surpassing records of the past six years and crossing newer milestones. While this incredible growth story continues, it marks a momentous achievement for us and showcases the commitment to excellence and highest guest satisfaction through the dedicated and determined efforts of ITDC.”

The performance growth showcases ITDC’s unwavering commitment to providing unparalleled guest experiences, ensuring customer satisfaction at the forefront of ITDC’s operations. ITDC’s unwavering commitment to achieving excellence and fostering innovation, combined with a profound grasp of the ever-changing requirements and desires of its discerning patrons, sets it apart within the market. Through the continual elevation of benchmarks in terms of quality, service, and facilities, ITDC has effectively established itself as the favoured option among both travellers and business connoisseurs.