Thomas Cook India Q1 results: Company reports Rs 71 crore profit
Omni-channel travel services firm Thomas Cook India on Thursday reported a consolidated net profit of Rs 70.9 crore in the June quarter.
)
Omni-channel travel services firm Thomas Cook India on Thursday reported a consolidated net profit of Rs 70.9 crore in the June quarter. The firm had reported a loss of Rs 6.9 crore in the year-ago period.
The company's total income from operations grew to Rs 1,931.8 crore during the first quarter of the current fiscal from Rs 989.8 crore in the year-ago period, a regulatory filing to the BSE showed.
However, its total expenses also rose to Rs 1,831 crore for the quarter under review from Rs 990 crore in the corresponding period last year.
Thomas Cook (India) Ltd (TCIL) Executive Chairman Madhavan Menon said, "On the back of a commendable performance in FY23, the first quarter of FY24 has seen yet another very strong performance by the TCIL Group with operating EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) at Rs 1,474 million (Rs 147.4 crore) versus Rs 555 million (Rs 55.5 crore) for Q1 FY23."
The robust performance for the April-June period -- a traditionally strong quarter seasonally -- was driven primarily by our foreign exchange and travel businesses (across Thomas Cook India and SOTC) and Sterling Holiday Resorts, Madhavan said.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

5 Stocks to Buy: Varun Beverages, ICICI Bank, Godrej Consumer, and 2 others for up 67% upside; check out long-term targets

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investment?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes
02:59 PM IST