New Delhi, Feb 3 (PTI) – Thomas Cook (India) Ltd recorded a 47.7% decline in consolidated net profit, amounting to ₹47.3 crore for the December quarter, primarily due to increased expenses. The travel services company had reported a net profit of ₹90.53 crore in the same period of the previous fiscal year, according to its regulatory filing.
Despite the dip in profit, the company saw an increase in consolidated income from operations, which stood at ₹2,061.01 crore, compared to ₹1,893.13 crore in the corresponding quarter last year. However, total expenses surged to ₹2,008.12 crore, up from ₹1,834.02 crore in the year-ago period, contributing to the decline in profitability.
Commenting on the performance, Executive Chairman Madhavan Menon stated, "Despite escalated geopolitical tensions and abnormal currency volatility affecting our international destination management services (DMS) operations, we successfully maintained our margins. This reflects our strong emphasis on cost management and sustainable business growth."
During the quarter under review, travel and related services income saw an 11% rise, driven by strong contributions from B2C holiday segments, while financial services income witnessed a 16% increase.
The company remains focused on managing costs effectively while continuing its expansion across various business segments.
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