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 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.”
