Thomas Cook sees 77 percent increase in PAT

Thomas Cook India proclaim its consolidated third quarter results, exposure an add to in profit from operations of 80% (Rs. 210 Mn. to Rs. 379 Mn), a well-built growth in Profit Before Tax of over 71% (Rs. 159 Mn. to Rs. 272 Mn.) and Profit After Tax of over 77% (Rs. 100 Mn.to Rs. 178 Mn.) respectively, for the period ended September 30, 2013 Vs. the corresponding period of 2012.

TCIL’s Travel & Foreign Exchange businesses bring a well-built growth in Profit from Operations of over 23% (Rs. 231 Mn. to Rs. 285 Mn.), a Profit Before Tax growth of 15% (Rs. 159 Mn. to Rs. 183 Mn.) and Profit After Tax growth of 18% (Rs. 101 Mn. to Rs. 119 Mn.) despite the quarter being the traditional lean period for both Outbound and Inbound travel, negative economic/customer sentiment, unprecedented devaluation of the Rupee Vs. the US Dollar and rising airfares combining to defy the industry as a whole during this occasion.

Thomas Cook (India) Ltd MD Madhavan Menon (pictured above) said: “Given that this quarter has always been the leanest period for our core journey industry and that this quarter was make worse by poor financial indicators & customer feeling plus an record, rapid devaluation of the Rupee and higher airfares that combined to significantly impact the entire industry – the presentation of TCIL’s core businesses is extraordinary and a true pointer of the power of our brand, products and people. Our consolidated results, that since mid May comprise those of the IKYA Group, are a good pointer of the power and long term worth that they stand for & that we spend in.”

He added, “With a center on sustained release of top notch products and service superiority and a carefully standardize growth plan, a now steady rupee, clearly better market feeling, our self-assurance in the pioneering new products we have to come in the pipeline & forward bookings showing sustained growth of over 20% against the previous year, Thomas Cook India is well balanced to keep its management in the travel room and end this monetary year on a very well-built note.”