Tourism Finance Corporation of India Limited has informed the Exchange regarding 'Appointment of Internal Auditor'.
TFCILTD · price
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TFCI, an NBFC, announced audited results for FY25 with total income of Rs. 26,006 lakh (up 7.4% from Rs. 24,204 lakh) and profit after tax of Rs. 10,381 lakh (up 13.9% from Rs. 9,111 lakh). EPS rose to Rs. 11.21 from Rs. 10.08. The board recommended a dividend of Rs. 3 per share (30%) subject to shareholder approval. It also approved raising up to Rs. 1,000 crore through loans, bonds or debentures. Additionally, M/s C J S Nanda & Associates were appointed as Internal Auditors for FY26. The statutory auditor issued an unmodified opinion with no material going concern concerns, though it flagged ECL provisioning on loans (Rs. 3,765 lakh), three NPA accounts (Rs. 5,449 lakh), and a pending tax demand of Rs. 132.20 lakh as key audit matters.
Modest earnings growth and a steady 30% dividend signal financial stability for shareholders, while the Rs. 1,000 crore fund-raising plan supports future loan book expansion. Asset quality concerns persist with rising NPA and stressed SMA accounts, but enhanced ECL provisions (above RBI norms) provide a cushion.