ITDC sees 46% growth, reports INR 155.14 cr revenue – ET TravelWorld

India Tourism Development Corporation (ITDC), a public sector undertaking under the Ministry of Tourism, Government of India, has announced its financial results for the third quarter of FY 2024-25. For Q3, ITDC reported a total revenue of INR 155.14 crores, with Profit Before Tax (PBT) standing at INR 30.50 crores and Profit After Tax (PAT) at INR 21 crores. The results reflect steady growth, driven by ITDC’s strategic initiatives aimed at bolstering the organisation’s capabilities in infrastructure, service quality, and business development.

The total revenue for the period from April to December 2024 reached INR 401.60 crores, while the PAT for the same period stood at INR 57.59 crores. This solid financial performance aligns with the Union Budget’s emphasis on tourism as a major contributor to employment and economic growth in India.

MR Synrem, Managing Director, ITDC, commented, “ITDC’s strong Q3 results reflect our ongoing efforts to strengthen infrastructure, improve service quality, and expand business opportunities. With the Union Budget reinforcing tourism as a key driver of employment and economic growth, we are committed to leveraging this and aligning with the government’s vision. ITDC has forayed into new product lines; recently, we very successfully set up luxury Camps at the ongoing Mahakumbh 2025 at Prayagraj.”

Lokesh Kumar Aggarwal, Director of Finance and CFO of ITDC, added, “Our third-quarter performance highlights ITDC’s strong financial resilience and continued commitment to operational excellence. ITDC is set to fast-track its expansion by forging strategic partnerships as well. We have focused on optimising resource allocation and improving efficiency across our SBUs of hospitality, travel, tourism, event management, and skill development.”