Shares of Tourism Finance Corporation of India Ltd (TFCI) experienced a significant surge today, climbing 7.32 percent to reach a new record high of Rs 88.08. This impressive performance follows the company's announcement of robust financial results for the June quarter of FY27.
Strong Profit Growth in Q1 FY27
The non-banking finance company (NBFC), which primarily focuses on lending to the hospitality, tourism, and wholesale sectors, reported that its standalone net profit for the first quarter of FY27 doubled year-on-year (YoY). Net profit soared to Rs 61 crore, a substantial increase from Rs 30.55 crore recorded in the corresponding period last year.
TFCI also demonstrated strong top-line growth, with total income climbing 75 percent YoY to Rs 115.15 crore in Q1 FY27, up from Rs 65.82 crore a year ago. Interest income, a key indicator of the company's core lending operations, rose 27 percent YoY to Rs 81.02 crore from Rs 63.71 crore in the prior-year quarter.
Profit before tax (PBT) more than doubled during the June quarter, reaching Rs 79.52 crore compared to Rs 38.16 crore in Q1 FY26, further underscoring the company's strong financial health.
Healthy Asset Quality and Capital Position
On the asset quality front, TFCI maintained a robust balance sheet. Gross non-performing assets (GNPA) stood at a low 0.41 percent as of June 30, 2026, while net non-performing assets (NNPA) remained at zero. The company's Capital Risk Adequacy Ratio (CRAR) was reported at 57.13 percent, signaling a strong capital position capable of supporting future lending initiatives and business expansion.
Looking ahead, TFCI has stated its intention to continue expanding its financing portfolio across diverse sectors including tourism, hospitality, real estate, infrastructure, manufacturing, and allied industries. This expansion will be coupled with a prudent approach to risk management and capital allocation.