The script peaked at Rs 69.15 from the previous close of Rs 66.75 on BSE.
During the July-September quarter, Tourism Finance Corporation recorded a 1.32% year-on-year drop in net profit to Rs 21.65 crore from Rs 21.94 crore a year ago. Sales of the tourism business had fallen 5.53 percent to 61.20 crore rupees in the previous quarter.
While net profit declined on an annual basis in the second quarter, the company managed to post healthy assets under management on a semi-annual basis, with assets under management at Rs 1,911 crore and net interest income at Rs 63.96 crore from April to September. period.
This was mainly due to a drop in COVID-19 cases and an easing of travel restrictions.
The image of asset quality also improved on a sequential basis, with the company reporting a gross non-performing asset ratio of 0.89% in the July-September quarter versus 4.37% il a quarter ago. The ratio of net non-performing assets fell to 0.64 percent in the second quarter from 3.45 percent in the previous quarter.
