Thomas Cook India Group reports strong Q1 FY25 performance

Thomas Cook India Group has announced a consolidated Profit Before Tax (PBT) of Rs 1,073 million for Q1 FY25, reflecting a 17 per cent increase compared to Rs 914 million in Q1 FY24. The standalone PBT for Thomas Cook also saw significant growth, rising by 29 per cent year-on-year to Rs 740 million from Rs 574 million. The key highlights also included Overseas Destination Management Companies showing a turnaround with an EBITDA of Rs 28 million. The Group's financial position remains strong, with an addition of Rs 3.49 billion during the quarter, resulting in Cash & Bank balances of Rs 18.67 billion as of June 30, 2024. 

CRISIL has upgraded Thomas Cook India’s Rating Outlook to ‘Positive’ and reaffirmed the company’s ratings at CRISIL AA-/Positive and CRISIL A1+.

Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited, said, “Thomas Cook India has delivered a good all-round performance for Q1 FY25 reporting a consolidated PBT of Rs 1,073 million (excluding non-operating MTM gains) that reflects a healthy 17 per cent growth over Q1 FY24. This has been a result of a solid performance across our businesses, despite multiple headwinds during the period, including the Indian General elections