Tourism Finance Corporation of India Limited Earnings Summary — Q1 FY2027

• Net profit saw a massive year-on-year surge of over 100%, reaching ₹6,120.93 lakh for the quarter.
• Total income was significantly bolstered by a one-time interest on income tax refunds amounting to ₹3,400.03 lakh.
• The tax refund relates to appeal effect orders for various assessment years from 1995-96 to 2002-03.
• Revenue from operations grew 27% year-on-year, primarily driven by a rise in interest income to ₹7,211.75 lakh.
• Asset quality remains stable with management opting for enhanced ECL provisions higher than RBI IRACP norms.
• The board approved amendments to the Articles of Association, specifically deleting clauses related to the Common Seal.
• EPS for prior periods has been restated to reflect the 5-for-1 stock split (face value ₹2) effective September 2025.

Management focus remains on specialized tourism underwriting; they have maintained higher-than-required ECL provisions to mitigate potential business uncertainties.

Improving

The results are heavily inflated by a one-time tax refund, but core interest income and operational revenue show healthy double-digit growth.

The company continues to deleverage and maintain strong capital adequacy, though long-term growth depends on scaling the loan book beyond its current niche focus.