Tourism Finance Corp Of India Q2 Results Live: Profit Rises by 36.42% YOY | Company Business News

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