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
Travel Support Services company Thomas Cook (India) announced Q1FY25 results: Financial Highlights: Consolidated Q1FY25 PBT of Rs 1,073 million Vs Rs 914 million; 17% growth YoY Thomas Cook (Standalone) PBT growth of 29% YoY at Rs 740 million Vs Rs 574 million Overseas Destination Management Companies reflect turnaround with EBITDA at Rs 28 million Vs a loss of Rs (44) million in Q1FY24 The Group continues to maintain a strong financial position, adding Rs 3.49 billion during the quarter, with Cash & Bank balances at Rs 18.67 billion as of June 30, 2024 CRISIL upgrades Thomas Cook India’s Rating Outlook to ‘Positive’. Reaffirms Company’s Ratings at CRISIL AA-/Positive & CRISIL A1+ The PAT for the quarter has been impacted on account of a higher tax liability Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited said, “Thomas Cook India has delivered a good all round performance for Q1FY25 reporting a consolidated PBT of Rs 1073 million (excluding non-operating MTM gains) that reflects a healthy 17% growth over Q1FY24. This has been a result of a solid performance across our businesses, despite multiple headwinds during the period, including the Indian General elections - that delayed travel plans & heatwaves across most of the country. Our forward booking funnel indicates that we may have the benefits of an extended holiday season and are well poised to deliver sustainable growth in the quarters ahead.” Result PDF