Thomas Cook (India) Limited has reported its financial performance for the quarter ended December 31, 2024, revealing a mixed quarter of growth in revenue but a decline in profitability. The company’s consolidated net profit stood at Rs 47.3 crore, marking a significant decline from Rs 71.9 crore in the previous quarter and Rs 90.5 crore in the corresponding quarter of the previous year.
Key Highlights:
- Revenue from operations: The company posted Rs 2,061 crore in revenue, compared to Rs 2,004 crore in the previous quarter and Rs 1,893 crore in the same period last year, reflecting growth driven by robust service demand.
- Total income: Total income for the quarter was Rs 2,083 crore, up from Rs 2,047 crore in Q2 FY25 and Rs 1,940 crore in Q3 FY24.
- Expenses: Total expenses for the quarter surged to Rs 2,008 crore, led by higher costs of services, employee benefits, and other operating expenses, compared to Rs 1,937 crore in the previous quarter and Rs 1,834 crore last year.
- Profit before tax: The company recorded Rs 71.3 crore as profit before tax, down from Rs 109.6 crore in the prior quarter and Rs 106.8 crore YoY.
- Tax expense: Tax outgo stood at Rs 24.6 crore, contributing to the net profit decline.
Despite the dip in profits, Thomas Cook remains optimistic about future growth, citing continued recovery in the travel and hospitality sectors. The company plans to implement strategic cost controls and operational enhancements to navigate the challenging environment.
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