Tourism Finance Corporation of India's Q1 FY25 financial results show mixed performance
The Tourism Finance Corporation of India, a smallcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.
According to the financial report, the company’s performance for the quarter has remained flat, with a score of 0 compared to -6 in the previous three months. However, there are some positive aspects to the company’s financials.
One of the key strengths of Tourism Finance Corporation is its debt-equity ratio, which has been consistently low at 0.90 times in the last five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
On the other hand, the company’s cash and cash equivalents have been at their lowest in the last six half-yearly periods, at Rs 33.55 crore. This suggests that the company’s short-term liquidity is deteriorating.
Overall, the financial results for the quarter ending March 2024 show a mixed performance for Tourism Finance Corporation of India. Investors should carefully consider these factors before making any investment decisions.
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