Tourism Finance Corp. of India Ltd. announced that Rakesh Kapoor, Director of the company, has resigned from the directorship of the company with effective from April 23, 2013.

Tourism Finance Corp. of India Ltd. has announced that the Board of Directors of the company at its meeting held on April 27, 2013, has recommended the payment of dividend at the rate of 1.20 per equity share of INR 10 each for financial year 2012-2013 subject to its approval by the members of the company in the forthcoming Annual General Meeting.

Tourism Finance Corp. of India Ltd. reported audited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported the company reported total income from operation of INR 441.562 million against INR 425.005 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 233.274 million against INR 273.984 million a year ago. Profit from ordinary activities before tax was INR 241.348 million against INR 281.431 million a year ago. Net profit was INR 212.259 million or INR 2.63 per basic and diluted share after extraordinary items against INR 233.806 million or INR 2.90 per basic and diluted share after extraordinary items a year ago. For the year, the company reported the company reported total income from operation of INR 1,798.670 million against INR 1,292.710 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 699.015 million against INR 620.298 million a year ago. Profit from ordinary activities before tax was INR 724.346 million against INR 630.822 million a year ago. Net profit was INR 555.257 million or INR 6.88 per basic and diluted share after extraordinary items against INR 494.697 million or INR 6.13 per basic and diluted share after extraordinary items a year ago.