India's Tourism Finance up over 3% on Q4 profit growth

Tourism Finance of India

22/05/2023 08:32

** Shares of Tourism Finance Corporation of India Ltd
 TFCI.NS  rises as much as 3.58% to 73.70 rupees
    ** Co, which provides financial services in tourism sector,
reports 11% Y/Y rise in net profit while revenue down 1.2%
    ** Return of equity up to 9.99% in fourth quarter compared
to 9.78% Y/Y
    ** About 194,646 shares change hands as of 12:57 p.m. IST,
0.7x the 30-day avg - Refinitiv data
    
    

     ($1 = 81.7800 Indian rupees)
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))