Tourism Finance Corporation of India Limited has delivered impressive financial results for the third quarter of FY26, demonstrating strong operational performance and improved asset quality. The company's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting held on January 30, 2026.

Financial Performance Highlights

The company reported exceptional growth in profitability during Q3 FY26. Net profit surged 40.6% year-on-year to ₹3,181.51 lakh compared to ₹2,263.15 lakh in the corresponding quarter of the previous year. This growth was supported by robust revenue performance and effective cost management.

Revenue Growth Drivers

Revenue from operations increased 21.7% to ₹6,963.61 lakh in Q3 FY26, primarily driven by higher interest income which rose to ₹5,892.24 lakh from ₹4,812.46 lakh in the previous year. Fee and commission income showed remarkable growth of 336.1% to ₹661.09 lakh compared to ₹151.60 lakh in Q3 FY25. The company also benefited from net gains on fair value changes of ₹410.28 lakh, though this was lower than ₹757.57 lakh recorded in the corresponding quarter last year.

Nine-Month Performance

The nine-month performance reinforced the company's strong trajectory with consistent growth across key metrics:

Asset Quality and Financial Ratios

The company demonstrated significant improvement in asset quality metrics. Gross NPA reduced dramatically to 0.38% as of December 31, 2025, from 5.61% in the previous year. Net NPA improved to nil from 3.92% in the corresponding period. The provision coverage ratio reached 100.00% compared to 30.20% in the previous year, indicating robust provisioning practices.

Capital Position and Operational Efficiency

The company maintained a strong capital adequacy ratio of 58.13%, well above regulatory requirements. The debt-equity ratio improved to 0.75:1 from 0.82:1 in the previous year, reflecting better capital structure management. Tangible net worth increased to ₹1,27,285.30 lakh from ₹1,17,646.27 lakh in the corresponding period.

Finance costs decreased to ₹2,371.15 lakh in Q3 FY26 from ₹2,611.27 lakh in Q3 FY25, contributing to improved profitability. Employee benefit expenses rose marginally to ₹361.31 lakh from ₹344.66 lakh, while other operating expenses decreased to ₹278.84 lakh from ₹287.81 lakh.

Corporate Actions and Compliance

The company completed a stock split during the period, with equity shares having a face value of ₹10 being split into five equity shares of ₹2 each, effective from September 19, 2025. The earnings per share figures for comparative periods have been restated accordingly. The company maintained compliance with all debt security covenants as stipulated in the Information Memorandum.

Tourism Finance Corporation of India Ltd. has announced that its Board of Directors will meet on January 30, 2026, to review and approve the company's financial performance for the third quarter of fiscal year 2026. The meeting will specifically focus on the financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has scheduled the board meeting in accordance with regulatory requirements under SEBI guidelines. Key details of the upcoming meeting include:

Regulatory Compliance and Communication

Tourism Finance Corporation of India has fulfilled its disclosure obligations by notifying both major stock exchanges about the scheduled board meeting. The company communicated the meeting details to:

• BSE Ltd. (Scrip Code: 526650)
• National Stock Exchange of India Ltd. (Scrip Code: TFCILTD)

The notification, dated January 22, 2026, was signed by Company Secretary Sanjay Ahuja and serves as a continuation of the company's earlier communication dated December 23, 2025, regarding the closure of the trading window.

Post-Meeting Procedures

Following the board meeting, Tourism Finance Corporation of India will submit the approved financial results to both stock exchanges. This process ensures transparency and compliance with listing requirements, allowing investors and stakeholders to access the company's Q3FY26 performance data in a timely manner.

The company operates from its headquarters at NBCC Plaza, Pushp Vihar, Sector-5, Saket, New Delhi, and maintains its commitment to regulatory compliance and transparent financial reporting practices.