Tourism Finance Corporation of India has received reaffirmation in credit ratings from Brickwork Rating as under:

Multiple bond issues (Rs 791.24 crore) - BRW A+; Negative
Bank loan facilities (Rs 1150 crore) - BRW A+; Negative

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Tourism Finance Corporation of India announced that the Board of Directors of the Company at its meeting held on 31 May 2021, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.

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Net profit of Tourism Finance Corporation of India rose 49.38% to Rs 18.18 crore in the quarter ended March 2021 as against Rs 12.17 crore during the previous quarter ended March 2020. Sales rose 9.43% to Rs 59.52 crore in the quarter ended March 2021 as against Rs 54.39 crore during the previous quarter ended March 2020.

For the full year,net profit declined 0.33% to Rs 80.75 crore in the year ended March 2021 as against Rs 81.02 crore during the previous year ended March 2020. Sales declined 1.64% to Rs 258.45 crore in the year ended March 2021 as against Rs 262.75 crore during the previous year ended March 2020.

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Tourism Finance Corporation of India will hold a meeting of the Board of Directors of the Company on 31 May 2021..

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