Tourism Finance Corporation of India Reports Mixed Financial Results for December Quarter

Jan 28 2025 05:34 PM IST
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Tourism Finance Corporation of India has released its financial results for the quarter ending December 2024, showcasing a mixed performance. While the company achieved its lowest Debt-Equity Ratio in recent periods, key metrics such as Profit Before Tax and net sales have declined, indicating operational challenges.
Tourism Finance Corporation of India has recently reported its financial results for the quarter ending December 2024, revealing notable trends in its performance. The company has experienced a revision in its evaluation, with its score reflecting a significant decline over the past three months.

On a positive note, the company has achieved its lowest Debt-Equity Ratio in the last five half-yearly periods, now standing at 0.89 times. This indicates a strategic reduction in borrowing relative to equity capital, which may enhance financial stability.

Conversely, several key metrics indicate challenges for Tourism Finance Corporation of India. The Profit Before Tax less Other Income (PBT) has shown a substantial decline, recorded at Rs 20.61 crore, which is significantly lower than the average of the previous four quarters. Additionally, net sales have reached their lowest point in five quarters at Rs 57.22 crore, reflecting a downward trend. The operating profit and operating profit margin have also hit their lowest levels in the same timeframe, suggesting a decline in operational efficiency.

Overall, the financial results highlight a complex landscape for Tourism Finance Corporation of India, with both positive adjustments and areas of concern.

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