Travel Support Services company Thomas Cook (India) announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
• Consolidated PBT at Rs 607 million Vs a loss of Rs (62) million in FY23
• EBITDA Margin improvement by 355 bps
• Thomas Cook (Standalone) PBT at Rs 265 million in Q4FY24 Vs a loss of Rs (0.3) million in Q4FY23
• Sterling Holidays PBT at Rs 308 million in Q4FY24 Vs Rs 145 million in Q4FY23
• Overseas Destination Management Companies EBITDA at Rs 103 million in Q4FY24 Vs Rs 26 million in Q4FY23
FY24 Financial Highlights:
• Consolidated PBT at Rs 3,449 million Vs Rs 262 million
• EBITDA Margin improvement by 297 bps YoY
• EPS grows from Re 0.10 to Rs 5.57 for FY24
• Thomas Cook (Standalone) PBT at Rs 1,521 million Vs Rs 187 million
• Sterling Holidays PBT at Rs 1,207 million Vs Rs 659 million
• All overseas Destination Management Specialist Companies profitable in FY24: EBITDA at Rs 632 million Vs Rs 115 million
Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited said, “Thomas Cook India Group has 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. My appreciation and congratulations to all our teams, customers, partners and shareholders for making this possible. I am also glad to announce the dividend of Re.0.60 per Re.1 share that is inclusive of a special dividend of Re. 0.20 per share, to our valued shareholders. Personally, 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 Vs. last year – is very encouraging!”