ITDC Announces Q3 Financial Results for FY 2024-25

New Delhi, 13^th February 2025: India Tourism Development Corporation (ITDC), a public sector enterprise under the Ministry of Tourism, Government of India, has announced its financial results for the third quarter of the fiscal year 2024-25.

ITDC reported a total revenue of INR 155.14 crores for Q3 FY 2024-25. The company's Profit Before Tax (PBT) stood at INR 30.50 crores, while Profit After Tax (PAT) reached INR 21 crores, reflecting steady growth in line with its strategic initiatives. The total revenue for the nine months period ending 31 December 2024 stood at INR 401.60 crores with PAT of INR 57.59 crores. The strong financial performance comes at a time when the Union Budget has placed significant emphasis on tourism as a driver of employment and economic growth.

Mr. M.R. Synrem (IAS), Managing Director, ITDC, highlighted the broader vision, stating, “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 ongoing Mahakumbh 2025 at Prayagraj.”

Commenting on the performance, Mr. Lokesh Kumar Aggarwal, Director Finance and CFO, ITDC, stated, “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 optimizing resource allocation and improving efficiency across our SBUs of hospitality, travel, tourism, event management and skill development”

By leveraging emerging opportunities and adopting a forward-looking approach, ITDC aims to reinforce its leadership in the tourism sector and contribute meaningfully to India’s economic progress. With enhanced government support for tourism-led growth, ITDC remains committed to driving innovation in hospitality, facilitating seamless travel experiences, and delivering top-tier services that create lasting value.

About India Tourism Development Corporation (ITDC):

ITDC was incorporated in 1966 with a mandate to develop and expand tourism infrastructure in the country. The Corporation has been moving ahead with consistent efforts on development, growth, and high-quality services and amenities to its guests. Apart from running Hotels, the ITDC has diversified into non-hotel sectors like Ticketing, Tours and Travels, Event Management, Duty-Free Shopping, Publicity & Printing Consultancy, Engineering Consultancy, mounting Sound & Light Shows, Hospitality education and skill development– all under one roof.