Travel services provider Thomas Cook (India) Ltd reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. This marks a significant turnaround from a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, as stated in a regulatory filing.
During the quarter under review, the company’s consolidated total income rose to Rs 1,692.61 crore from Rs 1,323.94 crore in the corresponding period of the previous fiscal.
However, total expenses in the fourth quarter increased to Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period.
For the fiscal year ended March 31, 2024, Thomas Cook (India) reported a consolidated net profit of Rs 271.11 crore, a significant improvement from Rs 10.37 crore in the previous year.
Moreover, in FY24, the company’s consolidated total income surged to Rs 7,435.65 crore from Rs 5,111.2 crore in FY23.
The company’s board of directors has recommended a dividend of 60 paisa per equity share of face value Re 1, including a special dividend of 20 paisa per share due to improved financial performance.
“Thomas Cook India Group has delivered record profits for both the quarter and FY24,” Thomas Cook (India) Executive Chairman Madhavan Menon said.
Every business and geography has contributed to the profitability, he added.
The group’s results reflect the buoyancy in the Indian and global travel services sector and therefore, he said, adding “our robust forward bookings, reflecting an 18 per cent growth versus last year ‘is very encouraging”.
