Record year as ITDC income soars to 110 crores for FY 2023-24

The corporation has achieved total turnover of Rs. 527 crores. PBT and PAT have surged to Rs. 110 crores and Rs. 72 crores, respectively.

India Tourism Development Corporation (ITDC), a Public sector under the Ministry of Tourism, has announced its record profit for the fiscal year 2023-24

The corporation has achieved its highest-ever turnover and profit figures, recording total turnover at Rs. 527 crores, 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.

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."

According to the press statement, ITDC has witnessed robust growth across all major business verticals.