TFCI hits record high as board to mull stock split proposal on 10 July
Meeting of the board of directors of Tourism Finance Corporation of India will be held on Thursday, July 10, 2025, inter-alia to consider the proposal for alteration in the share capital by way of sub-division/ split of the existing equity shares of the face value Rs 10 each, fully paid-up, in such manner as may be determined by the board of directors subject to approval of the shareholders, the company stated in exchange filing.
Tourism Finance Corporation of India, popularly known as TFCI, is a public financial institution with core objective of providing finance and advisory services to the tourism sector in India. Besides tourism, the company also provides finance to educational institutions, healthcare institutions, non-banking finance companies, real-estate sector engaged in affordable/middle class housing development, other services such as logistics, warehousing, etc., renewable energy and manufacturing sectors.
The companys standalone net profit jumped 48.04% to Rs 30.20 crore in Q4 FY25 as compared with Rs 20.40 crore in Q4 FY24. Total income jumped 20.49% year on year (YoY) to Rs 69.45 crore during the quarter ended 31st March 2025.
The counter hit an all-time high at Rs 284 in intraday today.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
16 minutes ago
- Mint
Dr Reddy's Laboratories among four key stocks to trade Ex-dividend today
Dividend Stocks: Dr Reddy's Laboratories, LMW Ltd., Wheels India Limited, and Diffusion Engineers Limited remain among four key stocks that will trade Ex-dividend today July 10, 2025, was decided as the record date for identifying the list of qualified shareholders to receive the dividends that these companies had announced. In order for their names to appear on the list of eligible shareholders to receive the dividends, investors who wanted to receive dividends from these firms had to buy shares using the T+1 settlement method at least one day before the record date. Dr. Reddy's Laboratories Limited—The company had recommended a final dividend of Rs. 8/- per equity share of Rs. 1/- each for the financial year 2024-25 LMW Limited— The company had recommended a dividend of Rs. 30 per equity share with a face value of Rs. 10 each for the fiscal year ending March 31, 2025. The same, however, is subject to shareholder approval at the subsequent Annual General Meeting. Wheels India Limited—The Board of Wheel India had recommended a final dividend of Rs. 7.03 (70.3%) per equity share of Rs. 10/- each for the fiscal year that concluded on March 31, 2025, provided that the members of the company approve it at the subsequent AGM. If members approve the dividend, it will be paid by August 15, 2025, at the latest, as per the company. July 10, 2025, is the record date for the final dividend payment. Diffusion Engineers Limited—The Board of Diffusion Engineers had recommended a final dividend of Rs. 1.50 (one rupee fifty paisa only) on the equity shares of the company having a face value of Rs. 10/- each for the financial year 2024-25. The same translates into a dividend of 15.00% per equity share and is subject to approval of the shareholders at the ensuing Annual General Meeting. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ('AGM'), will be paid within 30 days from the date of AGM, as per the company Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
25 minutes ago
- Hans India
SIP inflows hit all-time high of Rs 27,269 cr
New Delhi: Mutual fund systemic investment plan (SIP) inflows reached a record high of Rs 27,269 crore in the month of June, rising 2 per cent from Rs 26,688 crore in May, the Association of Mutual Funds in India (AMFI) data showed on Wednesday. This marks the first time SIP inflows have surpassed the Rs 27,000 crore mark.
Hans India
25 minutes ago
- Hans India
India's retail asset securitisation rises Rs 52,000 cr in Q1 FY26
New Delhi: The retail asset securitisation market in India has shown steady growth in the first quarter (Q1) of FY26, with a total transaction volume of Rs52,000 crore, a new report said on Wednesday. This includes both pass-through certificate (PTC) issuances and direct assignment (DA) transactions, according to CareEdge Ratings report. The volume represents a 6 per cent growth over the same period previous year. Despite this, the market's stability is a positive sign, driven by strong demand for credit, confidence from investors, and the strategic efforts of originators to diversify their funding sources. One of the most significant milestones in Q1 FY26 was the completion of India's first residential mortgage-backed securitisation (RMBS) deal, carried out by RMBS Development Company Limited (RDCL). This deal was also the first securitisation transaction to be executed on the Electronic Book Provider (EBP) platform, which marks a new chapter in India's securitisation market. This transaction could act as a catalyst for more investors to enter the RMBS sector, potentially boosting innovation and participation in mortgage-backed securities. The move is expected to create more long-term funding opportunities and allow for better risk transfer. Looking at the transaction composition in Q1 FY26, there has been a noticeable shift. PTC transactions now make up 56 per cent of the total volume, which marks a significant change from previous periods when direct assignment (DA) transactions were more dominant. The increase in PTCs likely reflects changing preferences among investors, regulatory factors, and a growing desire for more standardised and tradable financial products. This shift also suggests that originators are looking to attract a broader investor base. Among the PTC issuances, asset-backed securitisation (ABS) products were a major contributor, accounting for around 75 per cent of the total volume. Mortgage-backed securitisation (MBS), on the other hand, remained steady at 10 per cent. A key highlight in Q1 FY26 was the rise in PTC issuances from Microfinance Institutions (MFIs). MFIs contributed 15 per cent of the total PTC volumes, a significant increase from 8 per cent in Q1 FY25. This growth reflects greater stability in asset quality within the microfinance sector, and suggests that investor confidence in this space is on the rise. In the ABS category, vehicle loan financing continued to be a major player, contributing over Rs 14,600 crore, or 51 per cent of total PTC issuances in Q1 FY26.
