Thomas Cook (India) posts Q4 PAT at ₹57 crore, operating revenue rises 27%

Revenue from operations rose 27% year-on-year (YoY) to ₹1,664 crore during the quarter while earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 156% to ₹120 crore.

For the fiscal year 2024, income from operations grew 45% to ₹7,299 crore while EBITDA rose 137% to ₹572 crore. Net profit grew 2,678% to ₹271 crore during the year from ₹9.8 crore in FY23.

Madhavan Menon, executive chairman at Thomas Cook (India) said the group delivered record profits for both the quarter and FY24. “What makes this even more special is that every business and geography has contributed to the profitability," he said.

"I believe the Group’s results reflect the buoyancy in the Indian and global travel services sector and therefore, our robust forward bookings, reflecting an 18% growth versus last year – is very encouraging,” Menon added.

The board of directors has declared a dividend of ₹0.60 per share inclusive of a special dividend of ₹0.20 per share.

From a segment point of view, travel and related services grew the most at 54% to ₹5,619 crore during the fiscal year, followed by the leisure hospitality and resorts business which grew 24% to ₹456 crore. The financial services segment grew at 23% to ₹302 crore, and digiphoto imaging services’ revenue rose 17% to ₹923 crore.

Thomas Cook (India) is an integrated travel and financial services company in India, part of the Fairfax group which owns a 63.83% stake in the firm. The Thomas Cook India Group spans 28 countries across 5 continents.

Shares of the company have gained over 55% since the beginning of the year. The stock has gained over 205% in the last one year.