Tourism Finance Corporation of India Limited is a specialized financial institution and non-banking finance company. Its principal business is providing Rupee Finance by means of loans and debt investments. The Company provides finance to educational institutions, healthcare institutions, non-banking finance companies, the real-estate sector engaged in affordable/middle class housing development, and other services, such as logistics, warehousing, renewable energy and manufacturing sectors. The Company offers advisory and consultancy services to tourism area potential services, tourism master plan development, disinvestment services for central and state governments and government departments, project feasibility reports, market survey and marketing tie-ups of tourism projects for both private and public sectors, and debt syndication and investment banking. It also offers digital personal loans. It provides term loans for setting up restaurants, food courts, and banquets.
Tourism Finance Corporation of India Financial Highlights
- Revenue: Tourism Finance Corporation of India reported revenue of ₹254.19 crore in FY22 vs ₹258.45 crore in FY21. It showed a decrease of 1.65% on a yearly basis.
- Operating Profit: Tourism Finance Corporation of India reported an operating profit of ₹107.89 crore in FY22 vs ₹99.82 crore in FY21. It showed an increase of 8.08% on a year-on-year basis.
- Net Profit: Tourism Finance Corporation of India reported a net profit of ₹85.31 crore in FY22 vs ₹80.71 crore in FY21. It showed an increase of 5.70% on a yearly basis.
Tourism Finance Corporation of India Quarterly Result Highlights
- Tourism Finance Corporation of India reported revenue of ₹51.00 crore in Dec 2022, compared with ₹57.64 crore in Sep 2022, representing a decrease of 11.52% on a quarter-on-quarter (QoQ) basis.
- Tourism Finance Corporation of India reported an operating profit of ₹24.38 crore in Dec 2022, compared with ₹21.69 crore in Sep 2022, representing an increase of 12.40% on a quarter-on-quarter (QoQ) basis.
- Tourism Finance Corporation of India reported a profit of ₹18.38 crore in Dec 2022, compared with ₹19.69 crore in Sep 2022, reflecting a decrease of 6.65% on a QoQ basis.
- The earnings per share (EPS) of Tourism Finance Corporation of India stood at ₹10.01 during Dec 2022.