Company Overview
Tourism Finance Corporation of India Limited reported strong FY26 financial performance with Profit After Tax of ₹123.46 crore, representing a 19% year-on-year increase from ₹103.81 crore in FY25. Total income grew to ₹276.83 crore from ₹260.06 crore, while Profit Before Tax reached ₹155.78 crore compared to ₹128.02 crore in the previous year.
Operational Performance
Loan Portfolio: The company achieved sanctions of ₹2002 crore (25% growth YoY) and disbursements of ₹1334 crore (46% growth YoY). Gross loans stood at ₹2.08 lakh crore with significant improvement in asset quality - Gross NPA reduced to 0.37% from 3.22% and Net NPA improved to 0% from 1.61%.
Capital Management: TFCI maintained robust capital adequacy with CRAR at 55.53% (Tier I: 54.37%, Tier II: 1.16%), well above the regulatory requirement of 15%. The company raised ₹530 crore term loans at weighted average interest rate of 9.60% p.a., with total borrowings reaching ₹1083.46 crore as of March 31, 2026.
Risk Management Framework
The company disclosed comprehensive risk management covering credit, liquidity, and market risks. Credit risk is managed through diversification, credit limits, and asset hypothecation, with ECL calculated using PD and LGD based on ten-year data. Liquidity risk management includes undrawn borrowing facilities of ₹100 crore, while interest rate sensitivity analysis shows a 0.50% rate change would impact profit by approximately ₹559 crore.
Corporate Actions & AGM Details
The Board recommended a 30% dividend of ₹0.60 per equity share, with record date set for August 14, 2026 and payment scheduled between September 11-19, 2026. The 37th Annual General Meeting is scheduled for August 21, 2026, to be held virtually through VC/OAVM.
Key AGM Agenda Items:
- Adoption of audited Financial Statements for FY26
- Declaration of dividend
- Re-appointment of Shri Aditya Kumar Halwasiya as director
- Special resolution for ₹1200 crore NCD issuance via private placement
- Reappointment of Shri Anoop Bali as Managing Director with remuneration of ₹2.50 crore per annum
- Alteration to Articles of Association regarding common seal provisions
Regulatory Compliance & Disclosures
TFCI is registered as an RBI Middle Layer Non-Deposit Accepting NBFC. Credit ratings were upgraded to AA-/Stable by Infomerics and reaffirmed by other agencies. The company spent ₹234.18 lakh on CSR activities focusing on skill development, education, healthcare, and environmental sustainability. RBI-mandated disclosures show liquidity coverage ratio of 285.24% and sectoral exposures primarily in tourism (₹107,896.73 crore), manufacturing, and services.
Financial Assets & Liabilities
Financial assets at amortized cost totaled ₹220,598.62 crore, primarily comprising loans to companies/LLP (₹205,181.92 crore) and investments in debt securities (₹15,399.73 crore). Financial liabilities stood at ₹107,760.69 crore, consisting of debt securities (₹17,470.77 crore) and other borrowings (₹90,289.92 crore). All financial instruments are classified as Level 3 in the fair value hierarchy.
Important Dates & Voting
Remote e-voting period: August 18, 2026 (9:00 AM) to August 20, 2026 (5:00 PM) through CDSL. Book closure: August 15-21, 2026. The capital structure consists of ₹92.60 crore paid-up share capital with 46,29,77,240 equity shares of ₹2 each, with 96.15% public holding and 99.27% dematerialized shares.