Investor Presentaiton
MD & CEO's Comments
Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said:
"The Easing of lockdown restrictions and declining Covid-19 cases in Q3 & first half of Q4 of FY21 had led to the rise in demand for the domestic
tourism industry which also resulted in improved occupancy rates for the hotel and tourism sector. However, an unprecedented surge in Covid-19
cases in the ongoing second wave, has slowed down the economic growth trajectory and will have some impact in Q1 FY22.
One positive indicator is that, in comparison to last year's calamity, the recent dip in mobility has not been as sharp as seen during the lockdown in
March 2020 and we expect that the travel and tourism sector will show recovery and return to normalcy with a bang on the back of a pick-up in
consumption, as the vaccination rate improves and the local restrictions start to ease out in the coming quarters.
Additionally, the extension of the scope of ECLGS for the Travel & Tourism Sector has provided much relief as this scheme will boost the liquidity for
meeting operational and financial problems of the industry.
As on 31st March 2021, despite the Covid-19 Pandemic and its resultant challenges, TFCI has reported a resilient performance. Our Loan Book
stood at Rs 1,977 Cr (of which 84% is towards the MSME segment) with fresh disbursements of ~Rs 73 Cr in Q4FY21. Profitability continued to
remain consistent with Profit After Tax at Rs 18 Cr in Q4FY21. Our Asset Quality continued to be robust with Gross NPL and Net NPL standing at
3.51% and 2.84% respectively. The asset cover of our assisted projects help us recovering our entire dues even at times of duress.
Our company is well capitalized with a CAR of 39.87%. We believe that our healthy financials complemented with a strong recovery path make us
well-positioned for achieving sustained growth momentum in the coming quarters as we continue to focus on business growth in diversified sectors
while maintaining our leadership position in the hospitality sector."
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Tourism Finance Corporation of IndiaView entire presentation