Thomas Cook India has reported strong financial performance for the second quarter and first half of the fiscal year 2025. The company saw substantial increases in profits, revenue and earnings across its travel services and holiday businesses, showing recovery and growth trajectory for the group.
For the quarter ending 30 September, 2024, Thomas Cook India’s consolidated Profit Before Tax (PBT) increased by 37 per cent, reaching Rs 1,063 million compared to Rs 775 million in the same period last year. For the first half of FY25, PBT grew by 26 per cent to Rs 2,136 million, up from Rs 1,689 million in the corresponding period of FY24. Total Income from Operations rose by 9 per cent year-over-year to Rs 20,439 million for Q2 FY25 and by 10 per cent to Rs 41,764 million for H1 FY25.
The group’s travel services, foreign exchange and holiday business segments contributed significantly to its earnings. Travel Services registered a notable Earnings Before Interest and Taxes (EBIT) margin increase, from 3.5 per cent in Q2 FY24 to 4.9 per cent in Q2 FY25.
Foreign exchange services saw a rise in EBIT margin from 37.4 per cent to 48.8 per cent, while Sterling Holidays experienced an increase from 24.7 per cent to 25.2 per cent. Year-on-year, EBIT growth for Travel Services stood at 55 per cent, while Sterling Holidays reported a 24 per cent increase in EBIT for Q2 FY25 compared to the same period last year.
Thomas Cook India’s financial position remains strong, with cash and bank balances amounting to Rs 18,885 million as of 30 September, 2024. The company attributed its growth to strong performance across its Indian and international travel services, foreign exchange and holiday businesses.
