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Tourism Finance Corp Of India Q2 Results Live : Tourism Finance Corp Of India has announced its Q2 results for the fiscal year on October 24, 2024, showcasing a robust performance. The company’s topline revenue saw a healthy increase of 7% year-over-year, while profit surged by an impressive 36.42%. This growth reflects the company’s resilience in a recovering tourism sector.
In comparison to the previous quarter, Tourism Finance Corp Of India’s revenue grew slightly by 0.46%, and profit also saw a modest increase of 0.72%. These figures indicate a steady upward trajectory, despite the challenges faced in the industry.
The company’s Selling, General & Administrative expenses experienced a quarter-over-quarter increase of 0.88%, but this figure represents a significant decline of 29.19% year-over-year, highlighting the company’s effective cost management strategies.
Operating income, however, experienced a decline of 8.04% compared to the previous quarter, although it still managed to rise by 28.54% year-over-year, suggesting that the company is maintaining a healthy operational efficiency amidst fluctuating market conditions.
Earnings per share (EPS) for the second quarter stood at ₹2.76, reflecting a notable increase of 33.33% year-over-year, further underscoring the company’s solid financial health.
Despite the positive quarterly results, Tourism Finance Corp Of India has faced some challenges in the stock market, delivering a -4.64% return over the last week and a -24.17% return over the past six months. However, the company has achieved an 8.99% year-to-date return, indicating a potential recovery on the horizon.
Currently, Tourism Finance Corp Of India holds a market capitalization of ₹1282.17 Crores, with a 52-week high of ₹267.55 and a low of ₹90.85, reflecting the stock’s volatility in recent months.
Tourism Finance Corp Of India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 56.89 | 56.63 | +0.46% | 53.17 | +7% |
| Selling/ General/ Admin Expenses Total | 3.69 | 3.66 | +0.88% | 5.21 | -29.19% |
| Depreciation/ Amortization | 0.23 | 0.29 | -20.44% | 0.29 | -20.14% |
| Total Operating Expense | 32.35 | 29.94 | +8.03% | 34.08 | -5.07% |
| Operating Income | 24.54 | 26.68 | -8.04% | 19.09 | +28.54% |
| Net Income Before Taxes | 32.28 | 31.9 | +1.2% | 23.75 | +35.91% |
| Net Income | 25.58 | 25.4 | +0.72% | 18.75 | +36.42% |
| Diluted Normalized EPS | 2.76 | 2.74 | +0.73% | 2.07 | +33.33% |