Thomas Cook India's Impressive Profit Growth

Thomas Cook (India) Limited achieved a 39.73% increase in consolidated net profit, reaching Rs 71.96 crore in the second quarter of 2024. Total income rose to Rs 2,047.15 crore, with expenses at Rs 1,937.56 crore. The company focuses on sustainable growth post-pandemic recovery.

Thomas Cook (India) Limited has reported a significant boost in its consolidated net profit by 39.73%, reaching Rs 71.96 crore for the second quarter ending September 2024. This growth highlights the company's strong performance compared to the previous year's Rs 51.50 crore profit.

The firm, known for its diversified revenue segments including financial services, travel services, leisure hospitality, and digiphoto imaging services, saw its total operational income rise to Rs 2,047.15 crore, an increase from last year's Rs 1,871.34 crore. Despite this, expenses also climbed to Rs 1,937.56 crore compared to the previous year.

Madhavan Menon, the Executive Chairman, expressed confidence in these results, noting an impressive 37% growth in profit before tax. He emphasized that Thomas Cook India is now focusing on sustainable growth and profitability, following the recovery of business volumes.

(With inputs from agencies.)