Thomas Cook India Reports 40% Profit Surge in Q2

14 Nov 2024 , 11:29 AM

Thomas Cook (India) Ltd. reported a 39.8% year-on-year increase in net profit, reaching ₹72 Crore in Q2 FY25, compared to ₹51.5 Crore in the same period last year.

Revenue from operations grew by 8.7% to ₹2,003.8 Crore in Q2 FY25, up from ₹1,843.4 Crore in the corresponding period of FY24. Operating profit (EBITDA) rose 21.1%, totaling ₹124.6 Crore, compared to ₹102.9 Crore in Q2 FY24. EBITDA margin improved to 6.2% in Q2 FY25, a rise from 5.6% in the same quarter last year.

The company achieved EBIT margin growth across segments:

• Travel services EBIT margin increased to 4.9% from 3.5%.
• Forex EBIT margin climbed to 48.8% from 37.4%.
• Sterling Holidays’ EBIT margin saw a slight rise from 24.7% to 25.2%.

Travel services EBIT grew by 55%, while Sterling Holidays posted a 24% EBIT growth year-on-year. Thomas Cook maintains a strong financial position with cash and bank reserves at ₹1,888.5 Crore as of September 30, 2024.

In the travel segment:

• Leisure travel sales increased by 11% YoY.
• MICE segment (Meetings, Incentives, Conferences, Exhibitions) grew by 15%.
• Corporate travel sales rose by 13%.

The forex business recorded 8% revenue growth, and overseas education saw a substantial 49% growth. App bookings surged 119% quarter-on-quarter, with card loads rising 6% YoY.