ITDC registers highest-ever financial performance in FY 2022-23

New Delhi: India Tourism Development Corporation (ITDC) registered its best-ever financial performance during the financial year 2022-23 (FY 2022-23), achieving the highest ever turnover and profit. The total turnover for the fiscal year 2022-23 stood at Rs 458.08 crore, representing a substantial increase of over 58 percent compared to the previous year.

The Profit Before Tax (PBT) for FY 2022-23 reached Rs 86.12 crore, a jump of 983 percent in comparison to the previous year, while the net profit stood at Rs 60.33 crore this year in comparison with net profit last year of Rs 4.38 crore.

The iconic Ashok hotel has achieved its highest ever turnover of Rs 199.59 crore and profit of Rs 50.51 crore during FY 2022-23, further highlighting the exceptional performance of ITDC. All the business verticals at ITDC have also shown a much improved performance during the FY 2022-23. This indicates a strong demand for ITDC's incomparable hospitality offerings. The increased occupancy showcases ITDC's unwavering commitment to providing unparalleled guest experiences, ensuring customer satisfaction at the forefront of their operations.

ITDC's relentless pursuit of excellence and innovation, coupled with a deep understanding of the evolving needs and preferences of its discerning guests makes it stand unique in the market. Its outstanding financial results are a reflection of recognition of ITDC’s capabilities in customer’s mind. By consistently raising the bar in terms of quality, service, and amenities, ITDC has successfully positioned itself as a preferred choice among travellers and business professionals alike.

Commenting on the same, ITDC's Director (Commercial & Marketing) Piyush Tiwari said, “ITDC scripts a new success story this year with its exceptional offerings and consumer-centric services. These astounding growth figures demonstrate a historic moment for us, as we celebrate the highest-ever turnover and profit by surpassing all previous records and accomplishing notable milestones, particularly a huge rebound after the negative impact of COVID-19. We have achieved the highest consolidated turnover ever recorded for a full year, along with an unprecedented profit before tax. This incredible performance showcases our commitment to excellence and our dedication to promoting tourism in India which was made possible by the dedicated and determined efforts put in by ITDC collective.”

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