Thomas Cook shares dropped by 8% following the company’s Q3 results, which revealed a sharp decline in net profit. As of 9:43 AM, the shares were trading 9.92% lower at Rs 147.33.
For the quarter, Thomas Cook reported a consolidated net profit of Rs 47.3 crore, a significant decrease from Rs 71.9 crore in the previous quarter and Rs 90.5 crore in the same period last year.
Despite this decline, the company posted a revenue from operations of Rs 2,061 crore, reflecting a growth from Rs 2,004 crore in the last quarter and Rs 1,893 crore in Q3 FY24. This increase in revenue was driven by robust service demand.
Total income for the quarter stood at Rs 2,083 crore, up from Rs 2,047 crore in Q2 FY25 and Rs 1,940 crore in the same period last year. However, the company faced rising expenses, with total costs reaching Rs 2,008 crore, largely due to higher service, employee benefits, and operating expenses. This was an increase from Rs 1,937 crore in the previous quarter and Rs 1,834 crore in Q3 FY24.
Profit before tax also saw a decline, coming in at Rs 71.3 crore, compared to Rs 109.6 crore in the previous quarter and Rs 106.8 crore year-on-year. A tax expense of Rs 24.6 crore further contributed to the net profit drop.
Thomas Cook shares opened at 157.00 and peaked at the same level, reaching a low of 146.35. The stock has seen a considerable range over the past year, with a 52-week high of 264.00 and a low of 140.05.
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