Travel Support Services company Thomas Cook (India) announced Q3FY25 results Financial services increased income from operations by 16% with EBIT margin expanding 592 bps to 39%. Increase driven by 18% growth in Retail turnover led by Education and Holidays segments growing by 10% and 15% respectively Travel and related services Income from operations increased 11% with a strong contribution from B2C holidays (up 29% YoY), India DMS (up 19% YoY), international DMS (up 18% YoY) and corporate Travel (up 17% YoY) Adjusting for income from operations from the Nationals games of Rs 935 million in Q3FY24, the Travel segment growth (on a like to like basis) stands at 19% EBIT in the Travel segment for the quarter was lower due to the absence of contribution of National Games in Q3FY24 and impact of heightened currency volatility in overseas DMS segment especially Asian Trails. Leisure hospitality (Sterling Holiday Resorts) topline increase 12% with an improvement in EBIT margins to 31%. Increase in occupancy to 61% on an expanded resort network of 57 resorts and 3118 rooms has driven overall performance. Digital Imaging Solutions (DEI) results were influenced by multiple factors such as lower footfalls due to geopolitical tensions in the region, the one-time government subsidy received in Q3FY24 and overlapping technology costs during WeC platform implementation. These collectively muted topline and EBIT performance. Strong financial health: The Company reported cash and bank balances of Rs 20,210 million as of December 2024 and a debt-to-equity ratio of 0.12 Madhavan Menon - Executive Chairman, Thomas Cook (India), said "Thomas Cook (India) Ltd. has delivered stable performance for 9MFY25, driven by steady growth across financial services, travel, and leisure hospitality. Despite escalated geopolitical tensions and abnormal currency volatility during the quarter impacting international DMS operations, we maintained our margins, reflecting our focus on effective cost management and sustainable growth across our lines of business. We have a robust forward demand funnel and are looking forward to end FY25 on a strong note." Result PDF
Travel Support Services company Thomas Cook (India) announced H1FY25 & Q2FY25 results Consolidated PBT for Q2FY25 up 37% to Rs 1,063 million vs Rs 775 million in Q2FY24 and up 26% to Rs 2,136 million in H1FY25 vs Rs 1,689 million in H1FY24. Total Income from Operations up 9% at Rs 20,439 million for Q2FY25 vs Rs 18,713 million in Q2FY24 and up 10% to Rs 41,764 million for H1FY25 vs Rs 37,937 million in H1FY24. EBIT margins in Q2FY25 for Travel Services increases from 3.5% to 4.9%; Foreign Exchange increases from 37.4% to 48.8% and Sterling Holidays from 24.7% to 25.2%. Travel Businesses in India & overseas and Sterling Holidays lead Group’s delivery - Travel Services registers EBIT growth of 55% & Sterling Holidays registers a 24% EBIT growth in Q2FY25 vs Q2FY24. The Group continues to maintain a strong financial position, with Cash & Bank balances at Rs 18,885 million as of September 30, 2024. Madhavan Menon, Executive Chairman, Thomas Cook (India), said: “With a consolidated PBT growth of 37% in Q2FY25 against Q2FY24, the Thomas Cook India Group has delivered strong results, comparable to a peak-season quarter in a traditionally non-peak quarter for the industry. For H1FY25 also, the team has delivered a healthy growth of 26% over H2FY24. Having achieved our first priority of recovery in business volumes, our focus looking ahead, is on ensuring sustainable growth and profitability.” Result PDF