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Tourism Finance Corp has announced a board meeting on August 4, 2025, to approve the financial results for the quarter ended June 30, 2025.
1. **Revenue Performance:** Total revenue from operations for the quarter stood at Rs 63.71 Cr, a modest 3.1% YoY increase. Growth was primarily driven by interest income and net gains from fair value changes.
2. **Profitability and EPS:** Net Profit surged by 20.3% YoY to Rs 30.56 Cr. Earnings Per Share (EPS) also saw a significant jump of 20.4% YoY to Rs 3.30. The Net Profit Margin significantly improved to 46.43% from 41.07% YoY.
3. **Operational Costs:** Total expenses decreased to Rs 27.66 Cr from Rs 29.44 Cr YoY. A notable reduction in finance costs, down to Rs 21.55 Cr (from Rs 23.92 Cr), was a key driver of improved profitability.
4. **Key Metrics:** Asset quality saw dramatic improvement: Gross NPA plummeted to 0.24% (from 2.81%) and Net NPA became Nil (from 1.54%). The Provision Coverage Ratio hit 100%, indicating robust provisioning. Capital Adequacy (CRAR) remained strong at 62.68%.
5. **Balance Sheet / Cash Flow Health:** The Debt-to-Equity ratio improved to 0.71:1 (from 0.90:1), signaling reduced leverage. Tangible Net Worth increased to Rs 1,238.37 Cr.
6. **Management Commentary / Strategic Outlook:** Management is proactively making enhanced provisions for Expected Credit Loss, exceeding current norms, a positive sign for balance sheet strength.
7. **Final Takeaway:** These results signal strong positive momentum, driven by significant asset quality improvements and enhanced profitability, combined with a healthy balance sheet.
All announcements from Tourism Finance Corporation of India Limited