TCFC Finance Reports Robust Q1 Results, Reappoints Managing Director
TCFC Finance Limited reported significant financial improvements in Q1. Total income rose to ₹505.85 lakhs from -₹364.27 lakhs, while profit after tax increased to ₹362.19 lakhs from a loss of ₹303.55 lakhs year-over-year. The board approved the reappointment of Mrs. Tania Deol as Managing Director and CEO for a five-year term starting July 1, 2026. Other corporate actions include approval of share capital reduction and setting book closure dates for the upcoming AGM.
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TCFC Finance Limited, a non-banking financial company (NBFC), has announced strong financial results for the first quarter, marking a significant turnaround from the previous year. The company also disclosed key management changes and corporate actions in its recent board meeting.
Financial Performance
The company reported a substantial improvement in its financial performance for the quarter ended June 30:
| Particulars (₹ in Lakhs) | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Total Income | 505.85 | -364.27 | 238.9% |
| Profit After Tax | 362.19 | -303.55 | 219.3% |
| Earnings Per Share (₹) | 3.46 | -2.90 | 219.3% |
TCFC Finance's total income for Q1 stood at ₹505.85 lakhs, a significant improvement from the negative ₹364.27 lakhs reported in the same quarter of the previous year. The company's profit after tax surged to ₹362.19 lakhs, compared to a loss of ₹303.55 lakhs in the previous year's Q1.
The earnings per share (EPS) for the quarter increased to ₹3.46 from negative ₹2.90 year-over-year, reflecting the company's enhanced profitability.
Management Reappointment
In a key management decision, the Board of Directors approved the re-appointment of Mrs. Tania Deol as Managing Director and Chief Executive Officer for a five-year term. The new term is set to commence from July 1, 2026, and extend until July 1, 2031, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Mrs. Deol brings over a decade of experience in managing NBFC businesses. Her expertise in general management has been instrumental in driving strategic growth and operational efficiency for TCFC Finance.
Corporate Actions
The board meeting, held on August 6, also approved several other important matters:
Reduction of Share Capital: The company has approved a reduction in its share capital, though specific details were not provided.
Book Closure: The Register of Members and Share Transfer Books will be closed from September 16 to September 26, for the purpose of the AGM for the financial year ended March 31.
Financial Results: The board considered and approved the unaudited standalone financial results for the quarter ended June 30, along with the Limited Review Report by the auditors.
TCFC Finance Limited continues to operate within a single primary business segment of investments. The company's financial results have been prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) and other accounting principles generally accepted in India.
The strong Q1 results and strategic management decisions position TCFC Finance for continued growth in the dynamic NBFC sector. Shareholders and market observers will be watching closely to see if this positive momentum can be sustained in the coming quarters.
Historical Stock Returns for TCFC Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.22% | -3.47% | -3.22% | -5.78% | -37.73% | +97.87% |
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