Thomas Cook India has announced its financial results for the second quarter (Q2) and first half (H1) of the fiscal year 2025, showcasing significant growth across key metrics compared to the same periods in the previous year.
Key Financial Highlights:
Profit Before Tax (PBT): Q2 FY25 PBT increased by 37 per cent to Rs 1,063 million, up from Rs 775 million in Q2 FY24. For H1 FY25, PBT rose 26 per cent to Rs 2,136 million, compared to Rs 1,689 million in H1 FY24.
Total Income from Operations: Increased by nine per cent to Rs 20,439 million in Q2 FY25, and by 10 per cent to Rs 41,764 million for H1 FY25.
EBIT Margins: Travel Services EBIT margin improved from 3.5 per cent to 4.9 per cent, Foreign Exchange from 37.4 per cent to 48.8 per cent, and Sterling Holidays from 24.7 per cent to 25.2 per cent.
Cash Position: The Group maintained a strong financial standing with cash and bank balances of Rs 18,885 million as of September 30, 2024.
Segment Performance:
Foreign Exchange: Digital initiatives led to a 1350+ increase in Video KYC bookings and significant growth in app bookings.
Travel Services: Notable sales growth in Leisure Travel (11 per cent YoY) and MICE (15 per cent YoY). Corporate Travel turnover increased by 13 per cent.
Leisure Hospitality (Sterling Holidays): Sales grew 22 per cent YoY with an occupancy rate of 49 per cent and the addition of new resorts.
Digital Imaging Solutions (DEI): Sales were impacted by external factors, including geopolitical tensions and weather conditions.
Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited said, “With a consolidated PBT growth of 37 per cent in Q2 FY25 against Q2 FY24, 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 H1 FY25 also, the team has delivered a healthy growth of 26 per cent over H2 FY24. Having achieved our first priority of recovery in business volumes, our focus looking ahead, is on ensuring sustainable growth and profitability.”
The report reflects the Group's continued efforts in digitalisation, network expansion, and strategic partnerships, contributing to its robust performance in a traditionally non-peak quarter.