TFCILTD2023-07-012023-09-30 TFCILTD2023-07-012023-09-30 TFCILTD2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member TFCILTD2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member TFCILTD2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member TFCILTD2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member TFCILTD2023-09-30 TFCILTD2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TFCILTD2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TFCILTD2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TFCILTD2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 526650 TFCILTD NOTLISTED Tourism Finance Corporation of India Limited Equity 2023-04-01 2024-03-31 2023-11-10 2023-11-01 INR Lakhs Half yearly 14:30:00 15:30:00 2023-11-10 2023-11-10 true Cash Flow Indirect Not applicable Single segment Finance 2023-07-01 2023-09-30 Unaudited Standalone 578003000.00 370000.00 578373000.00 0.00 0.00 0.00 32147000.00 261953000.00 2890000.00 43871000.00 340861000.00 237512000.00 0.00 237512000.00 50000000.00 0.00 50000000.00 187512000.00 0.00 0.00 0.00 0.00 187512000.00 36768000.00 224280000.00 0.00 0.00 903724000.00 10 2.07 2.07 0.00 0.00 2.07 2.07 Notes: 1. The above financial results of the Company were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at the meeting held on November 10, 2023. These results have been Reviewed by the Statutory Auditors of the Company, who have issued an unmodified report thereon. 2. Provision of Expected Credit Loss (ECL) on loan assets has been made as per the methodology adopted by the Board of Directors in accordance with Ind-AS109, which may be further enhanced by the management for certain loan assets or for all the loan assets, wherever considered necessary to take care of business uncertainties. Based on prevailing indicators of future economic scenario, the company has made enhanced ECL provision in the books as on September 30, 2023, which is also higher than provision requirements as per RBI IRACP norms. Accordingly, Impairment Reserve is not required to be created as per RBI regulatory guidelines on implementation of Ind-As in NBFCs vide notification dated March 13, 2020. 3. The company has technically written-off two non-performing accounts amounting to Rs.11,061.92 lakh though tangible securities are available for these accounts by utilising available provision for bad & doubtful debts(Rs.1793.15 lakh) and by withdrawn from special reserve u/s 36(1)(viii) of the Income Tax Act(Rs.9268.77 lakh) without impacting current period profit as per past practice followed & accepted by stakeholders. The Management also has initiated concerted efforts for recovery/assigment to ARC of these technical written off accounts. 4. Listed Bonds/NCDs of Rs.15,974 lakh and MLD of Rs.4,000 lakh are secured by first pari-passu charge on the loan assets receivables with security coverage of 1 times and 1.1 times resepctively. 5. The company is engaged mainly in financing and investment business activity. Since all activities are related to the main activity there is no separate reportable segment as per the Ind AS 108 on 'Operating Segments'. 6. Figures in financial statements have been rounded off to the nearest lakh (except number of shares) and previous year figures have been re-grouped, re-arranged wherever necessary to make them comparable with figures of the current year. 7. Disclosures in compliance with Regulation 52 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended September 30, 2023. Ratios 30.9.2023 (a) Total Debt - Equity ratio 1.11:1 (b) Outstanding Redeemable Preference Shares (quantity and value) Nil (c) Capital Redemption Reserve/Debenture Redemption Reserve Nil (d) Tangible Net worth (Rs. In lakh) 94,128.73 (e) Net Profit after Tax (Rs. In lakh) 4,312.03 (f) Earnings per Share (Not annualized) - Basic (Rs.) 4.77 (g) Earnings per Share (Not annualized) - Diluted (Rs.) 4.77 (h) Total Debt to Total Assets (%) 51.48% (i) Net Profit Margin (%) 36.85% (j) Sector Specific Ratios: 1. Gross NPA (%) 3.76% 2. Net NPA (%) 2.82% 3. Provision Coverage Ratio (%) 25.00% 4. Capital Risk Adequacy Ratio (CRAR) % 53.38% Note: Debt service coverage ratio, Interest service coverage ratio, Current ratio, Long term debt to working capital, Bad debts to Accounts receivable ratio, Current liability ratio, Debtors turnover, Inventory turnover and Operating margin ratio is not applicable to the Company. Single segment 2023-04-01 2023-09-30 Unaudited Standalone 1169621000.00 674000.00 1170295000.00 0.00 0.00 0.00 61812000.00 491722000.00 5750000.00 79808000.00 639092000.00 531203000.00 0.00 531203000.00 100000000.00 0.00 100000000.00 431203000.00 0.00 0.00 0.00 0.00 431203000.00 36647000.00 467850000.00 0.00 0.00 903724000.00 10 4.77 4.77 0.00 0.00 4.77 4.77 Other operating expenses 23871000.00 Provision/Write-off for Bad & Doubtfull Debts/Investments 20000000.00 Other operating expenses 39808000.00 Provision/Write-off for Bad & Doubtfull Debts/Investments 40000000.00 139737000.00 0.00 53099000.00 0.00 1219000.00 0.00 0.00 77689000.00 0.00 1089798000.00 17168000.00 20281905000.00 903724000.00 8588057000.00 9491781000.00 9491781000.00 0.00 0.00 10790124000.00 20281905000.00 Notes: 1. The above financial results of the Company were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at the meeting held on November 10, 2023. These results have been Reviewed by the Statutory Auditors of the Company, who have issued an unmodified report thereon. 2. Provision of Expected Credit Loss (ECL) on loan assets has been made as per the methodology adopted by the Board of Directors in accordance with Ind-AS109, which may be further enhanced by the management for certain loan assets or for all the loan assets, wherever considered necessary to take care of business uncertainties. Based on prevailing indicators of future economic scenario, the company has made enhanced ECL provision in the books as on September 30, 2023, which is also higher than provision requirements as per RBI IRACP norms. Accordingly, Impairment Reserve is not required to be created as per RBI regulatory guidelines on implementation of Ind-As in NBFCs vide notification dated March 13, 2020. 3. The company has technically written-off two non-performing accounts amounting to Rs.11,061.92 lakh though tangible securities are available for these accounts by utilising available provision for bad & doubtful debts(Rs.1793.15 lakh) and by withdrawn from special reserve u/s 36(1)(viii) of the Income Tax Act(Rs.9268.77 lakh) without impacting current period profit as per past practice followed & accepted by stakeholders. The Management also has initiated concerted efforts for recovery/assigment to ARC of these technical written off accounts. 4. Listed Bonds/NCDs of Rs.15,974 lakh and MLD of Rs.4,000 lakh are secured by first pari-passu charge on the loan assets receivables with security coverage of 1 times and 1.1 times resepctively. 5. The company is engaged mainly in financing and investment business activity. Since all activities are related to the main activity there is no separate reportable segment as per the Ind AS 108 on 'Operating Segments'. 6. Figures in financial statements have been rounded off to the nearest lakh (except number of shares) and previous year figures have been re-grouped, re-arranged wherever necessary to make them comparable with figures of the current year. 7. Disclosures in compliance with Regulation 52 (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended September 30, 2023. Ratios 30.9.2023 (a) Total Debt - Equity ratio 1.11:1 (b) Outstanding Redeemable Preference Shares (quantity and value) Nil (c) Capital Redemption Reserve/Debenture Redemption Reserve Nil (d) Tangible Net worth (Rs. In lakh) 94,128.73 (e) Net Profit after Tax (Rs. In lakh) 4,312.03 (f) Earnings per Share (Not annualized) - Basic (Rs.) 4.77 (g) Earnings per Share (Not annualized) - Diluted (Rs.) 4.77 (h) Total Debt to Total Assets (%) 51.48% (i) Net Profit Margin (%) 36.85% (j) Sector Specific Ratios: 1. Gross NPA (%) 3.76% 2. Net NPA (%) 2.82% 3. Provision Coverage Ratio (%) 25.00% 4. Capital Risk Adequacy Ratio (CRAR) % 53.38% Note: Debt service coverage ratio, Interest service coverage ratio, Current ratio, Long term debt to working capital, Bad debts to Accounts receivable ratio, Current liability ratio, Debtors turnover, Inventory turnover and Operating margin ratio is not applicable to the Company. 415000.00 0.00 331000.00 0.00 7618000.00 0.00 0.00 40766000.00 -2405000.00 0.00 0.00 0.00 1741000.00 5750000.00 0.00 0.00 -5867000.00 64135000.00 453245000.00 0.00 0.00 0.00 0.00 0.00 0.00 -339384000.00 36647000.00 0.00 0.00 262992000.00 794195000.00 0.00 0.00 0.00 93070000.00 0.00 701125000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2622000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2622000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1583000.00 216894000.00 0.00 0.00 0.00 -218477000.00 480026000.00 0.00 480026000.00 609772000.00 1089798000.00 Item that will not be reclassified to profit or loss 1383000.00 Item that will not be reclassified to profit or loss 1262000.00 1383000.00 1262000.00 0.00 0.00 Item that will be reclassified to profit or loss 35385000.00 Item that will be reclassified to profit or loss 35385000.00 35385000.00 35385000.00 0.00 0.00