ITDC Reports FY26 Net Profit of ₹84.02 Crore
ITDC reported a net profit of ₹84.02 crore for FY26, up from ₹81.80 crore in the previous year. The Board recommended a final dividend of ₹2.95 per share.

*this image is generated using AI for illustrative purposes only.
India Tourism Development Corporation announced its financial results for the fourth quarter and the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 21, 2026.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹2.95 per share on the equity share capital of the company for the financial year ended March 31, 2026. This aggregates to a total dividend payout of ₹25.30 crore.
Q4 Financial Performance
For the fourth quarter, ITDC posted a net profit of 288M rupees, compared to 255M rupees in the same period of the previous year. Revenue for the quarter stood at 1.4B rupees, against 1.99B rupees in the corresponding quarter of the prior year.
The company's EBITDA for Q4 came in at 305M rupees versus 322M rupees year-on-year, while the EBITDA margin improved significantly to 21.74% from 16.2% in the same period last year.
| Metric: | Q4 Current | Q4 Previous (YoY) |
|---|---|---|
| Net Profit: | 288M Rupees | 255M Rupees |
| Revenue: | 1.4B Rupees | 1.99B Rupees |
| EBITDA: | 305M Rupees | 322M Rupees |
| EBITDA Margin: | 21.74% | 16.20% |
Full-Year Financial Highlights
For the financial year ended March 31, 2026, ITDC reported a net profit of ₹84.02 crore, compared to ₹81.80 crore in the previous year. Total income for the year stood at ₹5,583.54 crore, while total expenses were recorded at ₹4,443.48 crore.
| Metric: | FY26 (₹ in crore) | FY25 (₹ in crore) |
|---|---|---|
| Net Profit: | 84.02 | 81.80 |
| Total Income: | 5,583.54 | 5,883.31 |
| Total Expenses: | 4,443.48 | 4,886.42 |
| Earnings Per Share (Basic): | 9.80 | 9.54 |
Auditor's Report
The statutory auditors, HDSG & Associates, issued a qualified opinion on the standalone financial results. The qualifications include matters related to MSMED Act compliances, revenue from license fees, and agreements with General Sales Agents. The auditors noted that the impact of certain qualifications could not be quantified due to the absence of requisite audit evidence. The consolidated financial results also received a qualified opinion from the auditors.
Historical Stock Returns for India Tourism Development Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | +1.63% | -6.10% | -4.29% | -10.72% | +43.03% |
How might the auditor's qualified opinion on MSMED Act compliances and General Sales Agent agreements impact ITDC's ability to secure future government contracts or partnerships?
Given the significant revenue decline from ₹5,883 crore to ₹5,583 crore despite improved profitability, what strategic cost optimization measures is ITDC likely to pursue to sustain margin improvements in FY27?
With India's tourism sector experiencing post-pandemic growth, how well-positioned is ITDC to capitalize on increasing inbound tourist arrivals, and could this drive a revenue recovery in the coming fiscal year?


































