Tourism Finance Corporation of India reported a 100% year-on-year increase in net profit for the quarter ended June 30, 2026, reaching ₹61.21 crore from ₹30.56 crore in Q1FY26. The strong bottom-line performance was underpinned by a 75% surge in total income to ₹115.15 crore, reflecting robust growth in both interest and non-interest revenues. This profitability expansion signals improved operational efficiency and strong asset quality for the NBFC.

Q1FY27 Financial Performance

The company’s financial metrics for Q1FY27 demonstrate significant improvement across key indicators. Total income rose to ₹115.15 crore, up from ₹65.82 crore in the corresponding period last year. Profit before tax more than doubled to ₹78.32 crore from ₹38.16 crore. The following table summarizes the quarter’s key financials:

Revenue Drivers and Margin Expansion

Interest income increased to ₹72.12 crore from ₹55.85 crore in Q1FY26, while other operating income saw a substantial rise to ₹43.03 crore from ₹9.97 crore. The net interest margin (NIM) expanded to 7.59% from 6.44% in the previous year, aided by a slight decline in the cost of borrowings to 9.50% from 9.63%. Return on average equity (ROAE) also improved significantly to 18.33% from 10.00%.

Asset Quality and Capital Adequacy

Tourism Finance Corporation of India maintained strong asset quality with Gross Non-Performing Assets (NPA) at 0.41% and Net NPA at nil. The Provision Coverage Ratio remained at 100%. As of June 30, 2026, the Capital Adequacy Ratio (CRAR) stood at 57.13%, with Tier 1 capital at 55.93%. The debt-to-equity ratio improved to 0.75:1 from 0.83:1 in FY26, indicating a healthier balance sheet structure.

Portfolio Composition and Ratings

The company’s Gross Asset Under Management (AUM) stood at ₹2,002.05 crore as of June 30, 2026. The loan portfolio is diversified, with Hotels accounting for 47%, Real Estate for 24%, and Manufacturing for 12%. Tourism Finance Corporation of India holds credit ratings of 'AA-' from Infomerics and Brickwork Ratings, and 'A+' from Acuite Ratings and CARE Ratings for various facilities.

Tourism Finance Corporation of India Ltd reported a net profit of ₹6,120.93 lakh for the quarter ended June 30, 2026, marking a substantial increase from the ₹3,055.89 lakh recorded in the same period of the previous year. Total income from operations rose to ₹8,102.26 lakh, up from ₹6,371.21 lakh in the quarter ended June 30, 2025. The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at a meeting held on July 20, 2026.

The company’s net profit before tax stood at ₹7,832.02 lakh for the quarter, compared to ₹3,815.89 lakh in the prior year period. Earnings per share (EPS) on a basic and diluted basis increased to ₹1.32 for the quarter ended June 30, 2026, up from ₹0.66 in the corresponding quarter of the previous year. The net worth of the company improved to ₹1,36,680.49 lakh as of June 30, 2026, from ₹1,23,836.86 lakh as of June 30, 2025.

The Debt Equity Ratio stood at 0.75:1 for the quarter ended June 30, 2026, showing an improvement from the 0.83:1 ratio reported for the year ended March 31, 2026. Outstanding debt capital was reported at ₹1,02,881.52 lakh, a decrease from ₹1,08,346.00 lakh as of March 31, 2026. The statutory auditors reviewed the results and issued an unmodified report.

Financial Results for the Quarter Ended June 30, 2026

The equity shares of the company, previously having a face value of ₹10, were split into five equity shares of ₹2 each effective September 19, 2025. Consequently, the EPS for comparative periods has been restated in accordance with Ind AS 33. The detailed financial results are available on the websites of the BSE and NSE.