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 INR 121.83 cr in Q1 2023-24 as compared to INR 98.40 cr in Q1 2022-23 – registering a growth of 24%.
The Profit before tax climbed to INR 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.”
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 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.